MSB Global Capital Corp. (MSBM)

[fazoolius]

Righty,

Just doing a cursory pass at the expenses from 2006 to 2007 as well as H1(2007) and H2(2007) there are some surprising things.

Link to 6/1/07 report: http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=11430

Link to 2007 annual report: http://www.ru308.com/2008_03_13_news.asp

Thanks to AWARE!!

The thing that stands out to me the most is that the G&A for 2007 was greater than the Mining and Exploration Expenses. That is ridiculous fr a company that is a startup. If the CEO really cared about this company, he would have done it for far less of a salary and allocated more money to exploration.

In 2007:

G&A: $458,329
Exploration and Mining: $427,213

I am not sure what G&A constitutes in Berman's world, but I can't imagine a company of 1 or 3 or whatever can have too much in the way of Administration.

Also, the office expesnes increased by 32x. We went from expenses of $381 in 2006 to $12,305 in 2007. Must be a nice 2 or 3 brand new computers for the Berman residence. What the heck is he spending $12k on if he works out of his home?

In the last half of 2007, Berman spent $5397 on travel and entertainment. I don't recall Berman making too many visits to Utah, so that must have been flights for Layne Berman, the deadbeat's brother.

I will look into this a bit more later, but these are a few things that stand out initially. I haven't really even gotten into the balance sheet or cash flow yet.

-faz