Replies to post #7630 on Medical Care Technologies Inc (MDCE)

[buzzmatrix]

Was going to call it quits for the night, but thought I would answer this. I am speculating but I would guess MDCE could close out the incorporation here after getting listed elsewhere. We would have to be paid for our shares at least at current price. I would think.

[Mei Mei]

imo, co needed money to do the proposals, feasibility studies in china and pay the consultants there or whoever they hired to get that done. i think they needed to raise money through the usa markets for the funds. also, costs of operating public co not cheap due to them being fully reporting co. there are legal, accounting, auditing, TA, edgar fees every quarter and my best guess is costs them about 100K or more yearly. and for co not making any income, then have to get from somewhere.