RE: RE: RE: 200 000 >>> I bet Stan thru Manhattan still makes money. <<< . .
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Exactly! Looks like some on BBs think that because Stan sold his shares he is gone - NOPE!
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CRK is still a "Forbes & Manhattan Company!" and therefore F&B still get revenue from CRK the following ways:
- $25,000 per month general fee
- Success fees on arranging equity or debt financing
- Bonuses on "transactions" such as change of control, reorganization, asset acquisitions, mergers, take-overs
- Director's fees to Directors that are housed in the F&B family.
So don't forget that means.....
- $300,000 Annually to F&B for General fees
- $4.7MM in "additional" payments as a result of the Change of Control to Luxor
- $800,000 "success fee" for arranging the Feb22 Private Placement
- 1% of the value of the Luxor transaction (>$1MM)
- 1% of the PP in Feb as a bonus
- "discretionary payments" to F&B in such amounts...as the board of directors considers appropriate
- $8,698,880 in retention bonuses as a result of the Luxor Change of control
- all taken from pages 39-43 of Annual Report
Oh, and... anybody know who is the "vendor" that gets $20/oz of gold from Brocks Creek, $4 for Pine Creek and an additional 1% from Brocks Creek?