Would people actually be so retarded to believe that????Daniel Wolf has said we shareholder's are not intellectual, go figure. Just another part of the plan to have co-conspirator's follow the conspirator and issued 14,600,000 shares.
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Does $20,000M over 7 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. After minimal fees are paid (in green) there is no money left. Who do you think invest in G8,until it gets viable/solid business projects?
20,000,000/7.6 years/ $220,000 K a month
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. The red areas ARE NOT ACCOUNTED FOR...that leaves ZERO $ to pay items in RED. SEC compliance fees are to double in 2010 – as small companies comply with OX legislation. The old board could never have keep up with 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)
Stock registration and compliance is not a do-it-yourself enterprise. Attorneys or other consultants specializing in small-business IPOs almost always are needed to make it through the process, which can be costly in terms of both money and time.