Replies to post #1988 on $b_rich$'s Penny Bank Stocks

[Actuate]

What about the unpaid accounting firm SIRGE owes? Why couldn't they pay the accounting firm with the $200,000 6 month note (14% interest rate) they took out? Where exactly did that money go?

We know that J. Rod made $37,500 for the three months, and the CFO made $25,000 for the term.

That alone totals $62,500!

Maybe they had a couple of board meetings with their 7 member BOD. That would have cost them $35,000 for each meeting plus expenses. Heck, to even have a teleconference it would cost the company $7,000. They are throwing money around like they actually have revenue. Instead, all they are doing is accumulating more debt.

each member of the Board of Directors shall be entitled to meeting attendance fees (payable quarterly in arrears) of
$5,000 per Board of Directors Meetings and $1,000 per Board of Directors Telephonic Meetings.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8681062