Read "Note 3 Related Party Transactions" in the most recent quarterly report from CGRA at OTC markets. They are paid out to Keystone Financial Management which is wholly owned and controlled by Mr. Wright. He has operated this way for a long time. See also: Take Flight Equities and Old Sawmill Partners.
I don’t just make up random stuff. Just sticking to the cold hard facts. No lol’s here. Just follow the money. It all goes to one place. $2.4 million in debt after 9 months. The ceo or company’s closely related too him get 900k. They spent 321k to make 313k in rent and 49k in oil. The rest of the 2.4 is anyone’s guess.
NOTE 3 – Related Party Transactions Administrative fees – During the nine months ended September 30, 2017, the Company accrued or paid administrative fees to a majority shareholder company closely held by our current CEO in the amount of $90,000. Management fees – During the nine months ended September 30, 2017, the Company accrued or paid management fees to a company closely held by our current CEO in the amount of $135,000. Rent expense – During the nine months ended September 30, 2017, the Company accrued or paid office rent and expenses to a majority shareholder company closely held by our current CEO in the amount of $9,000. Notes payable – During the nine months ended September 30, 2017, a majority shareholder company closely held by the current CEO of the Company, loaned the Company an additional $0 in principle and $19,336 accrued interest. The balance of the loan, which is due on demand and carries an interest rate of 6%, is $236,748.
It’s all right here. Follow the numbers. I’ve been following this since 2013. I was a huge supporter. Heck I was gonna get a silver bar from the mine deal that has never produced. I defended this crock for months. Then after my shares had depreciated 80% I averaged down. Waited for the next fake out from wright and bailed for a small lost when some poor suckers like me bought my shares. I always felt bad for whoever. That was 2015.
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