AMK insolvent now??This is really bad news with the flow-thru shares. I figure AMK will owe the tax people at least one million to make up for spending the dough on items other than exploration. And that's without penalties, interest, etc.
Could be up to one and half million when the dust finally settles.
So that means this company is technically insolvent. They should be close to broke now judging by what they have been paying themselves for consulting fees, etc. per quarter. So even if they raise that $500,000 they are looking for, still not nearly enough to meet what will be owing for this boondoggle.
They say they got bad legal advice? With a president who is a lawyer I find that one hard to swallow, and so will the courts. Anyone company exec knows you do not spend $3million plus of flow-through funds on admin. Crazy.