Trudy Corporation (fka TRDY)

[punk153]

The TRDY shell was sold for $1. TRDY was mostly sold in the form of shareholdings in the new TRDY. Notice that many insiders in the old TRDY now hold shares in the new TRDY. All debt attributed to the old TRDY was also exluded in this transaction, meaning that the new owners of TRDY have a debt-free shell.

First, as forth herein, the cost to get public through a Direct IPO is approximately $100,000 to $120,000, with a reverse merger costing about $75,000 to $200,000 more depending on the cost of the shell. Second, the cost of being a public company is approximately $125,000 to $150,000 per year. Therefore, assuming your company is a proper fit to be a public company in the first place (has real operations, revenues, etc.) and you are considering going public due to the potential financing options available to public companies that aren’t available to private companies (see Part I in this article series), you need to make sure that you are able to afford the costs of going public and being a public company; and your company is a good, solid company with a good story to tell and are willing to pay for a quality investor relations/public relations firm, since stock liquidity is the key to accessing the alternative sources of financing available to small public companies. If your company doesn’t have a good story to tell, or is unwilling to pay to get the story told, then those financing sources will be difficult for your company to utilizeHere is a good article that gives an estimate on the fees associated with becoming fully reporting:
http://www.thelebrechtgroup.com/index.php/publications/tlg-publications/209-can-your-company-afford-to-become-stay-a-public-company-can-it-afford-not-to-part-ii

IMO