Well, I never said anything like that, I said I didn't know who the third party was that signed 5 year-management consultants agreement. However, it stands to reason, since they are the only one (other than Dr Moe and Mr Bogue) listed as signing that type of an agreement. The company mention (3) but only list two by name; why? I did post this as the reason why I believe it to be the bogat family in an earlier post. That said, whether you believe that the 3rd one is the bogat family or not Dr. Moe, an Mr. Bogue each get a third of this: Both with Apothecary Generics...get the cake and get to eat it too.
On April 24, 2012, the Company issued 110,499,999 common shares with a fair market value of $4,143,750 to three management consultants for services rendered under 5-year consulting agreements entered into on February 9, 2012. Since you didn't answer my math portion I'll make it easy and post it for you it's less than 4 cents for the free trading shares (bonues).
For the 28,500,000 they each received, it's 1 cents per shares.
Plus, Bogue is getting shares for running the GGECO University, Inc. they paid nearly $1M bucks for. Nice deal...can I have some that?
Heck in less than six months look what happen-The first *
*paragraph is over and above the above mentioned shares
9. SUBSEQUENT EVENTS
*On April 17, 2012, the Company entered into management agreements with two consultants. Under the agreements the consultants will earn a total of 3,250,000 common shares with a fair market value of $448,500 for services rendered. In addition, the consultants will earn a bonus of 1,250,000 common shares with a fair market value of $172,500 upon completion of the first milestone under the agreements. These shares have not been issued as of May 21, 2012.
On April 24, 2012, the Company issued 28,500,000 common shares with a fair market value of $299,250 to a consultant under a 25-year management agreement for services to be rendered to the Company, which was entered into on January 1, 2012.
On April 24, 2012, the Company issued 28,500,000 common shares with a fair market value of $299,250 to a consultant under a 25-year management agreement for services to be rendered to the Company, which was entered into on January 1, 2012.
On April 24, 2012, the Company issued 25,000,000 common shares with a fair market value of $935,000 to the principals of GGECO University, Inc. under a share purchase agreement.
On April 24, 2012, the Company issued 110,499,999 common shares with a fair market value of $4,143,750 to three management consultants for services rendered under 5-year consulting agreements entered into on February 9, 2012.
On April 24, 2012, the Company issued 15,000,000 common shares from the Company ’ s 2012 Equity Compensation Plan with a fair market value of $562,500 to three management consultants for services rendered under management bonus agreements entered into on February 9, 2012.
On April 24, 2012, the Company issued 10,000,000 common shares from the Company ’ s 2012 Equity Compensation Plan with a fair market value of $370,000 to two management consultants for services rendered under signing bonus agreements entered into on February 10, 2012.
All applicable expenses relating to the aforementioned share issuances under the agreements originating prior to the three months ended March 31, 2012 were accrued for the quarter; totaling $120,825 in management fees and $920,500 in management bonuses.
Common shares reconciliation table:
Issued and outstanding as of March 31, 2012…
384,670,574
Subsequent event issuances… 217,499,999
Issued and outstanding as of May 21, 2012… 602,170,573
And we all have heard it's 645M now.
So, again where's the beef?
