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RNsidersbuying

04/02/15 9:46 AM

#901 RE: aaron_03 #900

To take a private company "public" costs at bare minimum approx. $25K for lawyer, accountant, filing expenses. To go "public" on the big boards costs maybe $1M.

A private biotech, wanting to go public, can simply takeover an empty shell through what's termed a "reverse-merge" simplifying the process. Happens all the time.

https://www.google.com/webhp?sourceid=chrome-instant&rlz=1C1LENP_enUS514US625&ion=1&espv=2&ie=UTF-8#q=biotech%20reverse-mergers