Business
PTOP Announces Re-domicile to Wyoming, Annual Fees Paid & Recaps The New York Small Business Expo Trip
PTOP Announces Re-domicile to Wyoming, Annual Fees Paid & Recaps The New York Small Business Expo Trip.
About this update from Peer To Peer Network
[{"type":"text","content":"\n Cambridge, MA, July 07, 2022 (GLOBE NEWSWIRE) -- Peer To Peer Network aka MobiCard (OTC Pink: PTOP) announces today that it has re-domiciled to Wyoming from Nevada, obtained a certificate of good standing by paying the annual fee for the WY Secretary of State, paid the annual fee for OTC Markets to remain current in financial filing obligations. PTOP also gives a recap on the attendance of the Small Business Expo held in New York city on June 24th. Because Nevada charges an annual fee based on the number of shares a company has “authorized in their treasury”, the more shares the company has authorized, the more expensive the annual fee. For PTOP the Nevada fee was to be over $11,000. In an effort to use shareholder funds more efficiently, CEO Joshua Sodaitis devised a plan to re-domicile Peer To Peer Network to Wyoming. Wyoming has a flat fee of $60 per year, plus around a $140 filing fee for the 1st year, and the cost of a registered agent in their state. “Never again will we pay over $11,000 for an annual secretary of state fee. I feel really good about this move. States that encourage business is where we want to be,” stated Chairman & CEO Sodaitis. The new corporate address can be found on our updated profile page on the otcmarkets.com website, under PTOP profile tab. The OTC Markets charge an annual fee for companies to file their financial disclosure documents. If you do not pay the annual fee the company is delisted. PTOP has paid the annual fee to the OTC Markets and is committed to remaining compliant in our financial filings.  PTOP also is proud to announce that CEO Josh Sodaitis attended the June 24th Small Business Expo in New York City. The opportunity and more about the event can be seen here: Small Business Expo: B2B Trade Shows & Networking Events for Entrepreneurs (thesmallbusinessexpo.com) Small Business Expo is America's Largest Business to Business Trade Show, Conference, Educational & Networking Event for Small Business Owners, Micro-Cap Companies, Entrepreneurs & Start-Ups. Hosted in major US cities across the country, passionate business owners attend the Small Business Expo to learn from industry experts, meet with best-in-class vendors and suppliers to help them grow their business and network to build important new business relationships. The New York...