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Re: standintall post# 16897

Monday, 08/15/2011 1:42:26 PM

Monday, August 15, 2011 1:42:26 PM

Post# of 23361
I'm glad to see that "now that you think about it," after touting MM getting paid $15,000 per month for weeks, you realize you have no proof whatsoever.

The statement in the 10Q that the company "recognized" $30,000 in management services suggests that MM has been working as president of SLMU for free, and that the company values his work at approximately $10,000 per month. Similarly, immediately above the line you quoted, it shows the company "recognized" $1,333 for donated rent. That doesn't mean MM or anyone else was actually paid $1,333- that is the value the company assigned to the benefit it received.
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