Monday, October 31, 2016 11:03:27 AM
Received a reaction from a shareholder in response to my posting yesterday. The $300.000 that were spend by HE-5 Resources Corp management in the past 4 years are all related to services from third parties, like expenses for lease, legal advice, professional fees, telephone and so on. But no costs were accounted for building the Fansfrenzy website and app. So they are paying these costs out of their own pockets. I think it's safe to say that management of HE-5 Resources Corp has spend in total some $500.000 over the past 4 years, resulting in the Fansfrenzy website and app. Thats a lot of money for a site that attracts 10-15 unique visitors a day. Guess there's a bigger plan then we're seeing now, or we're looking at some big time loosers!
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