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Re: jjphillips post# 62566

Sunday, 12/14/2014 2:46:40 PM

Sunday, December 14, 2014 2:46:40 PM

Post# of 72908
JJ, G8MI is a private company managed by Jimmy and Bob ... The deal with shares and $100K to G8MI was a transfert of a private asset to a Public Company ( Group8 to FLPC ) . The $934'266 paid to Group8 (81% owned by FLPC Shareholders after the deal with G8MI ) is in fact destinated to Stockpile Reserves ( 50% held by Group8) for financing of the preparations to water issues , security enhancements in the mine for NDEP approval and mining operations ...

Unless you can get bills on the cost of all the process and prove some bogus bills or else , i don't see anything illegal there ....

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