Golden Age Resources Inc (GDAR)

[MrMuney]

During the First Quarter, the Company entered into an employment contract with the Company’s CEO /
Director. Additionally, the Company entered into a consulting agreement with a consultant (Larmco
International Consulting) to provide accounting, financial, and managerial consulting as requested by the
Company. Both the Employment Contract and the Consulting Agreement stipulate and annual compensation
of $250,000 each, or a total of $500,000. The compensation and consulting fees are to be paid in cash and/or
GDAR stock. Any issuances of stock shall be at 50% discount of the preceding average 30 days market
price.
The balance of Unpaid Annual Employment and Consulting Agreement Payables is $429,547 as of
December 31, 2015.


That's bananaland to have 500k in fees on like 70k in sales. Another reason this will never get off 1. Terry needs to liquidate that 430k to pay himself. Anyone care to do the math on how many shares that is? Don't see a way this doesn't R/S? Terry may say no R/S but how does he get paid without it?