MWR CNSX Qtly Rpt - interesting confession
What a confession of poor management. No wonder Vic Erickson resigned last month from the MWR Board! Jorge Lopehandia received another $351,000.00 (a 10% interest bearing loan) and someone invested $26,000 for company expenses.
How many shares existed back in 1995 when Brent Johnson replaced Mike Fitzgerald? come on quer or goldpanner, let everybody know the figure.
The hard core evidence speaks for itself.
From the Report:
https://www.cnsx.ca/Storage/1418/129564_MWR-CNSX-Form_7-__for_December_2011.pdf
59,508,357 shares outstanding (plus warrants/options totaling additional millions more shares at a set price)
#7 In accordance with the terms of the option agreement relating to the Chilean mining claims, the Company paid $351,000 to Lopehandia during December,..
#14 $26,000 was raised from 40,000 units at
.65 per unit were issued; each unit consists of one share and one nontransferable warrant to purchase one additional share at $1.00 per share in the first year and at $1.50 per share in the second year...
#15 In December 2011 the Company obtained an unsecured loan in the amount of $300,000 from a major shareholder bearing an interest rate of 10% per annum repayable from the initial 50,000 ton production testing is 50,000 tons production testing is completed.