Replies to post #34592 on MSB Global Capital Corp. (MSBM)

[fazoolius]

Righty,

Just doing a cursory pass at the expenses from 2006 to 2007 as well as H1(2007) and H2(2007) there are some surprising things.

Link to 6/1/07 report: http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=11430

Link to 2007 annual report: http://www.ru308.com/2008_03_13_news.asp

Thanks to AWARE!!

The thing that stands out to me the most is that the G&A for 2007 was greater than the Mining and Exploration Expenses. That is ridiculous fr a company that is a startup. If the CEO really cared about this company, he would have done it for far less of a salary and allocated more money to exploration.

In 2007:

G&A: $458,329
Exploration and Mining: $427,213

I am not sure what G&A constitutes in Berman's world, but I can't imagine a company of 1 or 3 or whatever can have too much in the way of Administration.

Also, the office expesnes increased by 32x. We went from expenses of $381 in 2006 to $12,305 in 2007. Must be a nice 2 or 3 brand new computers for the Berman residence. What the heck is he spending $12k on if he works out of his home?

In the last half of 2007, Berman spent $5397 on travel and entertainment. I don't recall Berman making too many visits to Utah, so that must have been flights for Layne Berman, the deadbeat's brother.

I will look into this a bit more later, but these are a few things that stand out initially. I haven't really even gotten into the balance sheet or cash flow yet.

-faz

[makesumgravy]

Yes and what you will get is some of righty's member marks.:))))

Is Lame up to the task of hitting those rocks?.......Wonder what is going on these days with the Payday mines?......what is going on with mmmmmmmmmmmm the geologist, and where is the money for what?.........the liquidity of shareholders sank from what?.........$360k to what?.......where is the uranium, where are the contracts?, where is the licenses?. Where is the team of workers, Where is the Atomic Energy Commission when we need them?, just where is Berman?, I know, hanging out with Regis people going to an office to hang out and do what?........cook up schemes?........guess he had plenty of practice in his prior job.........where are the State regulators?...........

Berman needs to stop blowing on that Ponsi Pipe, and go down to the nearest prison and turn himself in, or better yet smoke his car exhaust pipe, so he will be safe.