Grey Fox Holdings Corp. (fka GFOX)

[Scott12]

Here is a perfect example of what I am talking about.

This was taken from GFOX's Q filing from last year.

"General and administrative:

General and administrative expense was $1,449,378 for the nine months ended December 31, 2015. Of that amount, $1,161,400 was stock-based compensation, leaving $287,978 in general and administrative costs paid or payable in cash. During the nine months ended December 31, 2014, we had $26,244 of costs in this category. The increase is mainly due to higher expense levels associated with public company disclosure requirements and Mr. Sobolewski's bonus (see Note 4 to the financial statements)."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11193220

It will be interesting to see (whenever that will be) just how much he paid himself the last couple of quarters.