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Bullboard - Stock Discussion Forum Focus Graphite Inc V.FMS

Alternate Symbol(s):  FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company. The Company is engaged in the exploration and development of deposits of flake graphite located in Quebec, Canada. Its projects are Lac Knife and Lac Tetepisca projects. Lac Knife project is a high-grade crystalline flake graphite deposit located in northeastern Quebec, approximately 27 kilometers (km) south of Fermont. The... see more

TSXV:FMS - Post Discussion

Focus Graphite Inc > FMS only owns 7.3% of Grafraud
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Post by BywrongK on Mar 30, 2023 5:28pm

FMS only owns 7.3% of Grafraud

eCONomo + York own more, FFS it was FMS that put up 100% of funding to start up Grafraud

As at September 30, 2022, the Company’s ownership interest in Grafoid was 7.3%.

From financials filed on SEDAR.COM

During the year ended September 30, 2022, the Company was charged $240,000 by Grafoid Inc. for consulting services, including marketing, product development and auxiliary services (2021 - $780,000)

2020 was over $2M looted by Grafraud

Why didn't FMS spend this $$$ permitting Lac Knife?

JMHO but the only thing fasttracked here was looting of FMS shareholder $$$
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