SCAM is a dangerous word. DELL and GOOG have crashed. Does that mean they are scams?
Is that your justification for posting/pumping such an obvious scam, KNEC, at your website? A twist on the Wayne R approach that 'all stocks are shit'? Where's the DIGNITY in that? Are DELL and GOOG managed by degenerate toilet paper promoters sucking every bit of revenue and dilution dry as does KNEC?
6. RELATED PARTY TRANSACTIONS
Effective March 1, 2008, the Company renewed a consulting contract with Nortia Capital Partners, Inc. (“Nortia”), a related party. Pursuant to the consulting contract, Nortia provides financial consulting services to the Company for a consulting fee of $20,000 monthly with a term of one year through March 2009. For the nine months ended September 30, 2008, Nortia invoiced the Company $180,000, and the Company paid Nortia, for consulting services. The Company’s chief executive officer and chief financial officer are officers, directors and large stockholders of Nortia (See Note 5 — Stockholders’ Equity for other related party transactions).
As of September 30, 2008, the Company has received $66,179 of advances from Nortia for working capital purposes. These advances are classified as an advance from related party in the accompanying unaudited consolidated financial statements as of September 30, 2008. Management anticipates that the advances will be repaid on or before December 31, 2008.
KNEC is a joke and either you know it or you don't. Personally I would rather flip burgers for the rest of my life than accept compensation from toilet paper lifer degenerates.
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