Replies to post #79338 on Green Leaf Innovations Inc (GRLF)

[Warmy]

It is not uncommon for CEOs to be paid based on performance. It is safe to say that once the GoldStar and Azurite claims are in production, the CEO and investors (us) will be well compensated.

Why proceed if it isn't profitable. Profitability has already been determined...

"We, along with our investors and partners, realize that we have a tremendous potential opportunity here with Azurite. With all of the historical data that exists, recent gold prices and the ability to move from the completed funding phase to the production phase in such a short period of time, we can't help but to be excited."

The annual totals cannot be known until a year has passed. How much they recover will depend on how aggressively they mine. They will keep the investors informed on totals at least quarterly.

Actually, your previous post DID in fact ask about toxic financing and the answer is that there is none. And no, I am not one bit concerned.

The Company maintains the position that while it may need to issue shares as debt is settled and as part of securing funding for the joint venture, management has been and remains committed to no reverse splits and/or toxic financings as part of this process.

[gitreal]

Of course the CEA and BOD are getting paid, this ain't a non-profit!

Hope and pray mining? I have called these kinds of ventures "faith-based mining" because people are willing to apply huge dollar amounts to in-ground value based on no credible data. This mine has nary a single drill hole into it at this point, or maybe they are saving that data for another PR?

And then, project the profit based on what? Most legitimate mines do not turn a profit for years, if ever. The Resolution Copper Company in Superior, AZ has sunk hundreds of millions into trying to create a mine in what is N. America's richest ore discovery in the last 50 years. If they ever get up and running (and that is IF), they will be a billion in the hole before any ore is mined. There is a land swap deal still in Congress that will decide their fate.

To think that a mining operation of any size will turn a profit from day 1 is ludicrous. Especially given the circumstances with the Azurite Mine with no exploration, no permits, and no assurance they even have rights to mine.