Replies to post #13630 on BioStem Technologies Inc. (BSEM)

[sssneo]

Yes but only an annual license fee of $1k after that.

The only rub I see here is that each state requires from $200,000 to $500,000 cash, not a bond.

If those stipulations are met, an application fee of $500,000 would be paid to the Pari-Mutuel Wagering Trust Fund of the Department of Business and Professional Regulations. If approved, the licensee would then have to pay a $1,000 annual license fee.

[Chili Palmer]

That is cheap considering the potential.