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loanranger

04/04/17 8:15 PM

#42959 RE: TheLister #42958

"The Increase in Professional fees was due to marketing costs. "

The company disagrees:
"Professional fees include accounting services, legal fees and regulatory reporting compliance. The significant increase in professional fees of $348,004 to $2,122,445 (2015 - $1,774,441) is due primarily to an increase in professional advisement and legal fees incurred in connection with our current litigation wherein we engaged additional legal counsel to assist in the review of potential new sales/distributing agreements as well as to review general corporate matters. We anticipate our legal fees to continue into 2017."

https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168557
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scoop9

04/05/17 2:30 PM

#42978 RE: TheLister #42958

Yes Lister,I'm curious,could you reference what your basing that on?

Loan was nice enuff to point to a filing for some clarity,but I'm wondering what your source was for your determination?


Scoop