SFMI question:
It appears from financial statements that SFMI pays $1,000,000 annually to lease properties from GHDC. However, GHDC only paid $360,000 in total for the property. Since SFMI has no cash, it issues shares to pay for the lease which entitles GHDC to liquidate those shares creating cash for the entire group without any SEC reporting.
Is that how SFMI creates the cash to pay half of these massive compensation packages?
I have another questions about the NY apartment, Canadian Office and GHDC management fees but those can wait for another day.
