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es1

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Alias Born 07/13/2009

es1

Re: webpence post# 139414

Wednesday, 04/23/2014 12:36:54 PM

Wednesday, April 23, 2014 12:36:54 PM

Post# of 165852
I agree. But I can say they used the money for a paint job on a car and it wasnt PRd. It would be in the 10Q though. Engineering? Engineering what? they have nothing in need of an engineer. Testing? Testing what? they dont have a resource why would they be testing? You dont start the car put it in drive and then climb into the seat.

Engineering and testing do not come before the resource they follow a resource estimate.

Willing to bet the money was spent on management fees and exploration.

Although they explored nothing and they have nothing to manage without money.

Maybe they paid themselves to managed the money and decided to explore Italy with it.

$250K may not lead to a PRevent but it is more than enough to get some kind of result from.
I could turn $250K into a profitable business. Scott cant turn it into anything.
The shareholders would have been better off if they had used the $250K to buy a liquor store. At least it would be making some money.