five million debt,not a good start for a companyor better say corporation. I wonder why the status changed from company to coperation.Anyway this does not effect the facts one need to know about that firm.
If one check the last official compnay report from former SAG the findings might be form higher interest to the potential investor.
Just to put up to discussion is the fact that there are almost 10 directors and managers that own besides the titel director or manager, or officer private companies.
There are law firms, mining consultants , promotion co. and whatsoever.
Those private owned companies from those directors and mangers offer their labour at relevant costs to CEG formerly SAG.
If one check closely one will notice an increase of almost 100% in the last financel year.
As well as those companies seem to own lots of the properties CEG is digging or sticked claim.Those claim eat a lot of the money SAG earned in the last fiscal year. . The royalties are enormus. and those payments go directly form SAG into the pockets of the owner, for example some mangers and directors of SAG now CEG.
This is just to start a meaningfull discussion why SAG never was profitable in the past, imo.
With the name change nothing has changed except a few more directors that are entitelt for free options, bonuses, and of course offering their service from their privatly owned companies to CEG.
To me its alosing game with more room to go back to 3 cts now....
This is not an investment advise nor an atttempt to bash . this is my understanding of the last financial report.
I must admit i could have misunderstood this report, feel free to correct this excerpt.