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kbbccandyman

10/22/15 9:10 PM

#24053 RE: gotmilk #24051

The Milkman said

BORK — Interim Financial Report
http://www.otcmarkets.com/financialReportViewer?symbol=BORK&id=145150
Published: Sep 30, 2015
Period End: Aug 31, 2015
Page 14 of 19
On April 16, 2015 ... Mr. Bourque's royalties were also increased from 5% to 9% with a 1% royalty being assigned to Carol Condon, the Company's Interim CEO.

Gosh, I feel that there are more worms in this can of worms known as Bourque Industries.

Doug
.................................................................
Add to this what ever JB promised to those providing private financing for the personel currently working at the "new facility".
WHAT % OF SALES REVENUE WILL THEY RECEIVE"???


Add to that relative to the lease arrangement for the 8,000sf building at a monthly amount of $500.00. That works out to a
lease for 6.25 cents per SQ. per month. Show me any commercial
property in that general area ... and I mean any property as long as it has a roof and toilet that will lease for any where close to that very small amount of money. And that would include any property even if the roof leaks and the toilet is clogged.

Who ever owns that building is going to demand a whole lot more than 6.5 cents per SF. per month and I will go out on that perverbial limb and guess they would require a percentage of the revenue.
WHAT PERCENTAGE OF THE SALES REVENUE WILL THEY RECEIVE???

WHEN MORE THINGS BECOME KNOWN THE CAN OF WORMS WILL GROW.

mikeg2

10/24/15 12:59 AM

#24058 RE: gotmilk #24051

Doug,

If you're asking how do salaries currently affect Bourques shareholders, the answer contained in the financials would be "not much", since as I recall their salary expense was minimal.

Royalty expense to date has also been zero if I recall correctly.

What would be most concerning would be the huge dilution to shareholders by issuing John Bourque enormous quantities of shares ( which apparently haven't been issued yet ).

The reasons for their future issuance were not defined, and authorizing hundreds of millions of shares for eventual issuance , in a company with zero sales or profits is at best suspect.

At a minimum , shareholders received , or will be receiving another 40 to 50% haircut to their share value , regardless of that they purchased at.

For me , it's kind of like taking the last tenth of an ounce out of what was originally a full glass of beer. Kind of meaningless. I mean , why not just drink the rest of it , 98% is already gone, right?

While I applaud whatever efforts have resulted in some of the positive developments of 2015, granting almost 400 million additional shares to JB is not exactly a shareholder confidence builder, eh?