Shamika 2 Gold, Inc. (fka SHMX)

[1manband]

Management didn't "spend" all the money they raised through the sale of the death spirals. They took it. Big difference. "Spending" implies it was used for operations to further the company. It wasn't - it went right into their pockets as "management fees". Considering they spent a grand total of $8,550 on mineral exploration, there was really nothing to manage. It was just a cash grab, and the shareholders have been left holding a worthless bag.