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gitreal

09/21/20 3:31 PM

#40192 RE: saildone #40189

I specifically mentioned that the video interview talked about the ways that junior miners are adept at siphoning away money from the company into the hands of management and "associates".

Look at the financials from last fiscal year: Exploration - $641K, General and Admin - $850K, and Consulting Services - $540K.

That's a total of about $2.1 million in expenses for last fiscal year that are not explained in any kind of detail. A lot of things can be hidden under those broad categories, and with no Board of Directors, there is zero accountability. PT has said repeatedly that his goal is to appoint a BOD, but so far...nothing. I'll give you one guess as to why not...it reduces his ability to funnel money wherever he wants with no questions asked.

For starters, what do you suppose Deb is compensated? Since she is not an employee, her compensation must be in one of the categories mentioned above. It might surprise folks if they actually knew what she was paid. But since there is no accountability, investors will never know.