TheDirectory.com Inc (SEEK)

[Milesblue42]

Wait General & Administrative Expenses up...Revenue...Down? Huh?

$SEEK O/S=8.5B, $1.1MM in convertible debt, no bid.

Oh, also, they lost $355k this quarter, compared to $93k last quarter, and revenues decreased as well. Circling the drain.

$1.1 Million in convertibles translates into how many future diluted shares?



How did Revenue go down yet general and admin expenses went up? Is Scott Gallagher receiving some compensation from the general and admin expenses?

http://www.sec.gov/Archives/edgar/data/1122130/000101968715002807/thedirectory_10q.htm

General & Administrative Expenses



For the six month period ended May 31, 2015, general and administrative expenses increased $225,801 or 84% to $494,557, as compared to general and administrative expenses of $268,756 for the same period in 2014. The increase in general and administrative expenses during the period ended May 31, 2015 was primarily attributed to increased staffing related expenses.