G8 Expenses-where our money wentREPOST
Facturein the $500K paid to JK. The $1,000.00 paid to Wallstreet. Micheal B'sdirector fees, his daughters $1,000,000 website. Ferreira's fees andthe expenses below....it ain't hard. There is no fraud there is notheft....The only crime is the plot to extort our G8 shareholder.Justice will be served. G8 has been hijacked. You do the math Diesel.We answer questions, we don't just ignore shareholders. Why don't youask Fountain (DW) to start answering our questions.
REPOST - Your question was answered a year ago.......Any thing else?
Does $30,000M over 10 years seem like much, after considering below. I think not. IF you are goggling: CHECK OUT OTHER OTC BULLETION BOARD COMPANY’S AND THEIR COST OF RUNNING 4 SEVEN YEARS. $20,000,000 is a walk in the park. Afterminimal fees are paid (in green) there is no money left. Who do youthink invest in G8,until it gets viable/solid business projects?
30,000,000/10. years/ $3,000,000 a year $250,000 k a month. Does that sound unreasonable??? Its as simple as this.
Right of the top: (check the 10K and 10Q’s) accounting/auditors legal- 75K; Directors/officers- $75K, Printing(professional brochures, etc $21.00 a piece); $50K commission; HDR $10,000 month. That leaves ZERO at month’s end. Thered areas ARE NOT ACCOUNTED FOR...that leaves ZERO $ to pay items inRED. SEC compliance fees are to double in 2010 – as small companiescomply with OX legislation. The old board could never have keep upwith this kind of cost to run an OTC Bulletin board public Company...is$20 million extravagant, I think not....
Offices in US/Canada
Telephone
Computer technician/server
Office equipment
Repair and Maintenance.
Office Rent
Hydro
Taxes
Commissions ($550k/year – 50K month)
Office General
Web site/administration/set up expenses
Travel (Brazil, China, etc.)
Transfer agent fees
Shareholder relations
Legal fees /
Accounting/auditors– Sec Requirements/filing (75,000 a month), compliance with SEC regulations (900,000 a year)
Directors/officers fee $70,000 (month/Brown included – oh I thought he wasn’t a director?)
Business developers (printing companies (10K a month), brochures, investor relations, etc.)
Secretarial/administration
Consulting fees
HDR Engineering fees – probably from the filings I reviewed about $2,000,000 in the last 36 months (billed in ADDITION to Brown)
Stockregistration and compliance is not a do-it-yourself enterprise.Attorneys or other consultants specializing in small-business IPOsalmost always are needed to make it through the process, which can becostly in terms of both money and time.