Mike The Pike Productions Inc (fka MIKP)

[N4longterm]

I think you might be wrong about the audit costing a lot of much money. MIKP is a very simple operation.

Corporate audits start at ~$10,000.00, the auditors have to cover their licensing and bonding costs. And, as I think Niko pointed out, MIKP's wouldn't be as simple as one may think. The auditor can't just take Mark's word for it as to the value of the IP. They will have to get a minimum of 2, preferably 3, outside appraisals of the IP assets; which means another $3,000 - $5,000 out the door.