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BizAttorney, Attorney
Category: Legal
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Experience:  Over 12 years of business and legal experience.
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Pursuant to Chapter 92A of the Nevada Revised Statutes (“Chapter

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Pursuant to Chapter 92A of the Nevada Revised Statutes (“Chapter 92A”), stockholders who would be cashed-out in the reverse stock split are entitled to dissent and may elect to have the Company purchase pre-reverse stock split shares that would become fractional shares as a result of the reverse stock split for a cash price that is equal to the “fair value” of such shares, as determined in a judicial proceeding in accordance with the provisions of Chapter 92A

What would it cost to hire a lawyer to fulfill the chapter 92a requirements to insure success of the dissenters to receive fair value. The company is offering 3% of thier own computation, fair value 4.72, offering .14 stock is a china based company with earnings of 90 cents over past 2 years, book value of 2.19

BizAttorney :

Good evening! I can help you out with your legal question tonight. I am a licensed attorney in Nevada and the price varies depending on a number of factors.

BizAttorney :

Usually the attorney will review the company's holdings and operating agreement to determine what exactly is owed and what the dissenter's options are.

BizAttorney :

The company then typically hires an independent party to put a value on the stock. Operating agreements typically require this, but the parties can also stipulate to it and agree to abide by the value received.

BizAttorney :

You will typically pay an attorney around $5,000 for all of the work and another $2,500 for the independent party to put a value on the stock.

BizAttorney :

You can call(NNN) NNN-NNNNfor a referral or contact the local state bar.


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