Replies to post #66419 on SOHM Inc (SHMN)

[Myth]

the audit scenario came up when discussing the pps at multiple pennies, so .01 would be easy, so would 100k...

No one knows what will happen, one would have to think if the pps does head to multi penny management would most likely do an ACTUAL shr buy back or clean up the books and get audits/ OTCQB....

[SLC-JD]

For a company this size and with limited complexity, they're likely looking somewhat less than that (their ongoing rate would probably start out in the $25k range, but the initial may be significantly higher).

The penny threshold is really the limiting factor. If they could somehow generate the revenue/validate their projections to support that PPS, the audit fees would become secondary.