Salamon Group, Inc. (fka SLMU)

[standintall]

This is as of May 13th.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7932004

On August 1, 2010, the Company entered into a management agreement with the Company’s sole director and shareholder. Under the agreement, the Company’s sole director and shareholder will provide management services to the Company for $15,000 per month for a three- year period ending July 31, 2013.

But, that may apply to the previous guy Salamon, which means that I would have to revert back to the most recent 10Q which said

(d)During the three months ended March 31, 2011, the Company recognized $30,000 (2010 - $Nil) for management services at $10,000 per month provided by the President of the Company.

In which case, MM paying himself $10,000 a month. Now that I think about it, the $10k is probably right but here's the problem. Whether it's $10,000 a month or $15K, it's just plain wrong for a CEO to arbitrarily pay himself $10,000 or more a month as CEO of an empty company with no money, no assets, no revenues simply because he could.

So, if it's $10,000 a month MM is paying himself instead of the $15k, then I am sorry for the error. I took that guy's word for it and should have looked further but it doesn't change the point.