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Portguyofva

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Portguyofva

Re: stormer post# 30646

Saturday, 04/09/2011 6:29:21 AM

Saturday, April 09, 2011 6:29:21 AM

Post# of 53844
Wow! "By delisting, small companies can save up to $2 million annually"


Stormer,
IMO, it won't cost Virtra anywhere near $2M to uplist. As a SWAG I would say $150K/yr salary for a comptroller plus options (300K/yr); two independent directors at 300K/yr in options; and an annual audit at $100-300K/yr. Total cost probably closer to $500K and I would say that is a high estimate. But that isn’t chump change for an $11M company.
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Volume:
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  • 6M
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