Replies to post #3789 on Integral Technologies Inc. (fka ITKG)

[marsred]

Yes, and then the fun began....

A historical average shows that 31% of the total expenses come in the form of salaries. Ka-ching, Ka-ching, just this one placement equals $1,767,000.

Another historical average shows an additional 21% goes to those oh so important consultants. Ka-ching, ka-ching, just this one placement equals another $1,197,000.

So, something like $3 million ($2,964,000) of the $5.7 million went directly into the bank accounts of a handful of folks that the shareholders were depending on to make this company profitable. We all know how that went. $3 million dollars worth of Kool-Aid. And thats just one placement. The companies total indebtedness stands at just over $31 million. And the Kool-Aid just keeps on coming.


Thin