GREY:MHGPF - Post by User
Post by
grandvinon Oct 30, 2007 5:10pm
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Post# 13720287
financial statements
financial statementsI,am not an accountant and I'am trying to make sense out of these fin. statements. There seems to be very little money going into exploration in 2005 and 2006 and alot of money paid for management and consulting fees, professional fees, travel and stock based compensation. From what I can gather here the company is trying to evaluate their mineral properties, why has'nt more be spent on exploration ? It looks like these statements are being used to write off acquistions, loans, administrative expense against the warrants and option placements. Is there an accountant out there that could explain these financials to me.