Replies to post #97241 on Bravada International Ltd (BRAV)

[Jammin1]

Personally I think the meal and entertainment expense regardless of it it was a shareholder "gathering" shouldn't have been posted as a business expense unless all shareholders were invited otherwise it is a personal meeting and not a meeting for shareholders thus a different expense altogether.

I think TG's point was that the $457 listed COULDN'T have been their get-together, because it would have to have been a much higher amount. So, he concludes it was probably something for employees. I imagine a series of small amounts of meal expense for employees, spread out over 13 weeks. It comes to less than $40 per week, so a weekly office pizza could very well be all it is. All just hypotheticals, of course.

[pire]

My boss used to buy our lunch at times and donuts in the morning. I am sure he wrote this off on his taxes. I do not have a problem as that brings a good feeling to the employees. Maybe he took a possible model out to lunch. This amount is such a mute point IMO. DA could spend another $1000 and I would be fine with that as well.