Post by
INVESTING2000 on Dec 17, 2021 2:19pm
The usual Cash drain with nothing done and nothing to show.
11.0 RELATED PARTY TRANSACTIONS (12 months ending Aug. 31, 2021) - who know's what damage has been done in the last 4 months?
a) The Company paid a salary and social benefits of $ 223,436 to David Grondin, President and Chief executive officer of the Company and granted options worth $ 36,954.
b) The Company paid $ 66,000 in consulting fees to SKTM Financial Corporation Ltd., a company controlled by Martin Nicoletti, Chief financial officer of the Company and granted options worth $ 14,782.
c) The Company paid $ 10,920 for the rent to OldMontreal business center Inc., a company controlled by Martin Nicoletti, Chief financial officer of the Company.
d) The Company granted options worth $ 110,862 to directors of the Company