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Re: rebellad post# 16163

Wednesday, 12/27/2006 5:37:53 PM

Wednesday, December 27, 2006 5:37:53 PM

Post# of 63795
If you can find me a clean shell for less than $50,000, please contact me. I've tried several times this past year and couldn't find one at a reasonable price. I could use two of them right now. The last one we tried to use cost approximately 3% of my company in stock, plus a LOT in "fees". Since my company was valued by the investment house advising us at about $20,000,000, that makes the shell cost a minimum of $600,000. As you may have guessed by now, we didn't do the deal.

Unfortunately, the days of cheap RMs seems to be over, both from a time and expense basis. We would still have had to file and wait about 90 days or more before getting permission to trade. That's the same timeframe and cost as an IPO. Since we'd already done the financials, etc., we're just doing a self IPO. We'll be done a month later, the same mont we lost haggling out the first deal.

Dino