Replies to post #16833 on King Resources Inc (KRFG)

[dmbao]

That post is not a receipt. Use the link below to calculate the amount using both of the two methods.

Also the yearly amounts are NOT prorated because you paid them after the March 1 due date.

So if you calculate using the Authorized Share Method with the 2.02 Billion Authorized Share Count the cost would be $180,000 for each year they were delinquent plus penalties.

If you use the Assumed Par Value Capital Method the charge is $350 or more depending on the value of the assets which have to be greater than $.01.

https://corp.delaware.gov/taxcalc.shtml

So either way the number on that post is inaccurate. Also a receipt from Delaware looks very different than what is shown also.