The resident idiot that has taken over that other
Post# of 876
Posted On: 10/31/2016 6:58:59 PM
The resident idiot that has taken over that other Wolverine board is posting more inaccurate information in his continued campaign to destroy investor’s confidence in the company.
Here are the facts about the 10Q, I suggest you read them yourselves
http://www.otcmarkets.com/edgar/GetFilingPdf?...D=11641954
3.
Related Party Transactions
(a)
During the three months ended August 31, 2016, the Company incurred consulting fees of $7,636 (2015 - $5,937) to a company
Controlled by the President of the Company.
(b)
During the three months ended August 31, 2016, the Company incurred consulting fees of $nil (2015 - $31,170) to a Director of
the Company.
(c)
During the three months ended August 31, 2016, the Company incurred consulting fees of $46,058 (2015 - $29,088) and rent of
$4,606 (2015 – $2,909) to a company controlled by the brother of the former President of the Company which is included in general and administrative expenses.
(d)
During the three months ended August 31, 2016, the Company incurred consulting fees of $nil (2015 – $8,311) to the former
President of the Company.
(e)
As at August 31, 2016, the Company owes of $16,004 (May 31, 2016 - $9,120) to a company controlled by the President of the
Company, which is non-interest bearing, unsecured and due on demand.
(f)
As at August 31, 2016, the Company owes $13,761 (May 31, 2016 - $18,231) to a Director of the Company, which is non-interest
bearing, unsecured and due on demand.
If anyone thinks these are excessive either does not understand the costs involved in running a public company or has never attempted to run a public company. No one is getting rich off the backs of investors here, more money could be made working at MacDonald’s than running this company
It’s sad really that someone would dedicate their lives to chasing investors away from this company, but the long term outlook here is that it will not matter at all. With the small debt this company has and the complete lack of toxic funding real investors should conclude that there may be something positive on the horizon.
Here are the facts about the 10Q, I suggest you read them yourselves
http://www.otcmarkets.com/edgar/GetFilingPdf?...D=11641954
3.
Related Party Transactions
(a)
During the three months ended August 31, 2016, the Company incurred consulting fees of $7,636 (2015 - $5,937) to a company
Controlled by the President of the Company.
(b)
During the three months ended August 31, 2016, the Company incurred consulting fees of $nil (2015 - $31,170) to a Director of
the Company.
(c)
During the three months ended August 31, 2016, the Company incurred consulting fees of $46,058 (2015 - $29,088) and rent of
$4,606 (2015 – $2,909) to a company controlled by the brother of the former President of the Company which is included in general and administrative expenses.
(d)
During the three months ended August 31, 2016, the Company incurred consulting fees of $nil (2015 – $8,311) to the former
President of the Company.
(e)
As at August 31, 2016, the Company owes of $16,004 (May 31, 2016 - $9,120) to a company controlled by the President of the
Company, which is non-interest bearing, unsecured and due on demand.
(f)
As at August 31, 2016, the Company owes $13,761 (May 31, 2016 - $18,231) to a Director of the Company, which is non-interest
bearing, unsecured and due on demand.
If anyone thinks these are excessive either does not understand the costs involved in running a public company or has never attempted to run a public company. No one is getting rich off the backs of investors here, more money could be made working at MacDonald’s than running this company
It’s sad really that someone would dedicate their lives to chasing investors away from this company, but the long term outlook here is that it will not matter at all. With the small debt this company has and the complete lack of toxic funding real investors should conclude that there may be something positive on the horizon.
(1)
(0)