GREY:BPCOD - Post by User
Post by
Stoogeon Mar 03, 2011 11:09am
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Post# 18225075
Directors taking too much
Directors taking too muchJust reviewed this company for possible speculation. No thanks!
The four directors have been taking far too much out of the company for rents, fees, legal, consulting etc. .... I mean far too much. And yes I know the practice is common.
Two loan agreements are for the directors to loan the company money in order to pay the directors for their rents, fees, legal and consulting. It's just money coming out of the left pocket and going back into the right.
I also note that there are agreements going out five years to continue these payments to the four directors.
No thanks! I won't be buying in.