Home > Boards > US OTC > Miscellaneous > VirExit Technologies Inc. (VXIT)
Followed By 223
Posts 18211
Boards Moderated 2
Alias Born 12/02/2014

Friday, July 01, 2022 11:11:22 AM

Re: Invest-in-America post# 71525

Post# of 73312
I'm LMAO Louder as you don't use the AS to determine Market Cap!! Yes in Wyoming you have the legal right to issue Unlimited Shares. However just because you have the right do so does not mean that you have or will.

Outstanding Shares 2,621,994,170 06/30/2022
Restricted 449,108,928 06/30/2022
Unrestricted 2,172,885,242 06/30/2022

Unlimited ability to issue stock — Most states set a limit on the number of shares that you are authorized to issue. Not with a Wyoming Corporation! You may issue as many shares as you wish (without any additional costs or fees) by simply making the proper entries in your Articles of Incorporation. (We will take care of all that for you.) Unlimited shares may be of paramount importance to you in particular, if you ever contemplate taking your company public.

You can be everything in Wyoming — Some states require that you have more than one person to serve as the various officers and directors of your corporation. Again, not so in Wyoming! One person can fill all of the required corporate positions, giving you the ultimate in flexibility and control.

You have a right to privacy with a Wyoming Corporation— The more information about you that appears in the public record, the easier it is for you to become a target of a lawsuit. Wyoming has no requirement for the names of shareholders to be filed with the state.
Restrictions and corporate formalities are at an absolute minimum in Wyoming — If you would like less “red tape,” bureaucracy and restrictions in your business life, Wyoming is the place for you!

Low annual fees — The annual fees in Wyoming are based solely on the value of corporate assets located within the state. The minimum is $50 and a million dollars worth of assets within the state of Wyoming would cost you only $200. That’s right, $200 in fees for every million dollars worth of assets that you keep within the state of Wyoming and no fees for assets outside of the state.

As an officer or director, you cannot be held responsible for the debts of the corporation — Wyoming law is quite strong in this respect and holds generally that as long as you did not intentionally break the law, you are protected from claims against the corporation.
No minimum capitalization is required in Wyoming — You can fund your corporation with one dollar, with a million dollars, or the amount of your choice. And, while there are sound business reasons of avoiding “under capitalization,” the point is that the choice is yours and you enjoy the ultimate in flexibility.
Your directors” and/or shareholders” meetings may be held anywhere in the world — You are not required to hold meetings in Wyoming; indeed, you need never set foot within the state. Wyoming is rich in history and breathtaking scenery, but if your tastes run more to the Bahamas, Hawaii or, for that matter, the French Riviera, the choice is yours.
Stock in your Wyoming corporation may be issued in exchange for “anything of value” — You may use cash, of course, but also property, services or any valuable consideration at the total discretion of the board of directors which, you’ll remember, can be one person.

Lifetime proxy — John D. Rockefeller was the first individual to acquire a personal net worth of one billion dollars. When asked late in life how he accomplished such a feat, he is reported to have shared with a young interviewer that his simple secret was to “own nothing and control everything.” That is indeed wonderful advice for a host of reasons (consider, no one can take from you that which you do not own), but it is sometimes more easily said than done. By allowing another person or entity to own shares, you can use proxies to maintain complete control. The problem is that most state laws require proxies to expire and be subsequently renewed every six or seven years. If the “legal owner” declined to renew your proxy, you could be literally left with nothing and no recourse. That is hardly a scenario that makes us feel secure, nor is it one that we would recommend to you. However, realize that Wyoming allows for lifetime proxies, thereby protecting you from any such problem arising.

Defiance Discovers Blind Silver System At Lucita DEF Aug 9, 2022 10:31 AM

USMJ Announces New York Adult Use Cannabis License PURA Aug 9, 2022 10:21 AM

ALYI Announces Building Electric Vehicle Merger and Acquisition Momentum ALYI Aug 9, 2022 10:14 AM

SOBRsafe Partners with RubiRides to Introduce a Higher Level of Safety to the Rideshare Market SOBR Aug 9, 2022 9:05 AM

SKYX Achieves Historic U.S. Standardization Approval Vote - a Major Milestone Towards Mandatory Status for Safety of Consumers and Professionals SKYX Aug 9, 2022 8:36 AM

Branded Legacy, Inc. Announces Cancelation of 102 Million Common Shares BLEG Aug 9, 2022 8:30 AM

News, Information and Insight on Those Public Companies Dedicated to Environmentally Friendly Alternative Energy Sources. BIOF Aug 9, 2022 8:30 AM

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc.) Confirms the Settlement of Two $500,000 Notes and Announces a Further $5.6 Million in Funding ILUS Aug 8, 2022 1:49 PM

Progressive Care Announces Launch of New Logo as It Continues to Upgrade and Strengthen Its PharmcoRx Brand RXMD Aug 8, 2022 10:42 AM

Current Developments at Argentum 47, Inc. and Roadmap to 2023 ARGQD Aug 8, 2022 10:29 AM

Kona Gold Beverage, Inc Expands Sales Team KGKG Aug 8, 2022 9:00 AM

The Power of Science to Stop a Killer NVS Aug 8, 2022 8:45 AM

Mru Patel Appointed Non-Executive Director of Axis Technologies Group, Inc. AXTG Aug 5, 2022 9:00 AM

HealthLynked to Premier "Forever: The End of Aging" Medical Documentary atCMX CinéBistro Theater in Naples, Florida on August 28th HLYK Aug 5, 2022 8:00 AM

Progressive Care Announces Shareholder Conference Call and Business Update on August 11, 2022 RXMD Aug 5, 2022 7:15 AM

Day Range:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y