Joke This company would be a star on the old Vancouver stock exchange. Management is a joke - investors are getting soked. Dilute some more you losers, or better yet, lend the company some of your own money at 20% like you have in the past. That's only Prime + 17% - seems reasonable. You ever going to do anything to increase shareholder value, any production plans, or will you just continue to use other peoples money to pad your fat salaries, and watch the ship sink and take a crooked consulting job from the company that acquires your assets at cents on the dollar. Enjoy our money you clowns. I'm done with you jokers.
During the year ended December 31, 2011, the Company received proceeds of $991,740 in connection
with demand loans. The demand loans were repaid in the amount of $1,019,006 including interest in the
amount of $27,266, of which $21,741 was paid to directors and officers of the Company. These demand
loans were bearing interest at 20% per annum compounded semi-annually.