The company has brought in over $400,000 per year + issued millions of dollars worth of shares for services, properties and convertible notes. While we may not know the exact amount when shares sold, this apparently has been going on for years.I do not believe for one second management is working for free.It probably costs a "normal" company this size around $100,000 a year to stay reporting, so $300,000 for everything else but the shares have value. They filed s8 statements so they could receive free-trading shares.
Management has consistently not met its own projections, so by their own criteria they have not done their job. The financing situation for juniors has been poor for some time, so would a competent CFO consistently leave posted on their website the fall 2013 start date ? The CFO wrote the first reverse was being done to advance the company, I am not sure what advancement occurred. These are their projections and their words. Shouldnt management be accountable for their own record ?
