Wow! Huge Payments to InsidersConsidering GYA has been inactive in the 9 months to January 31, 2020 these payments of insiders are obnoxious. From the MD&A released late Friday I quote:
RELATED PARTY TRANSACTIONS
During the period ended January 31, 2020, the Company incurred the following charges with related parties that include officers, directors, key management or companies with common directors of the Company as follows:
a) Incurred management fees of $180,000 .... to a company controlled by a director and officer of the Company.
b) Incurred accounting fees of $90,000 ... to a firm where a director and officer of the Company is a partner.
Guess why the company is in such bad shape. Now you see where the money went.