Bourque Industries Inc (BORK)

[mikeg2]

Doug,

If you're asking how do salaries currently affect Bourques shareholders, the answer contained in the financials would be "not much", since as I recall their salary expense was minimal.

Royalty expense to date has also been zero if I recall correctly.

What would be most concerning would be the huge dilution to shareholders by issuing John Bourque enormous quantities of shares ( which apparently haven't been issued yet ).

The reasons for their future issuance were not defined, and authorizing hundreds of millions of shares for eventual issuance , in a company with zero sales or profits is at best suspect.

At a minimum , shareholders received , or will be receiving another 40 to 50% haircut to their share value , regardless of that they purchased at.

For me , it's kind of like taking the last tenth of an ounce out of what was originally a full glass of beer. Kind of meaningless. I mean , why not just drink the rest of it , 98% is already gone, right?

While I applaud whatever efforts have resulted in some of the positive developments of 2015, granting almost 400 million additional shares to JB is not exactly a shareholder confidence builder, eh?