Q2 MD&A Things about the past management that make your blood boil:
"the Company recorded $6,753,760 and $6,483,083, respectively, of general and administrative expenses compared to $471,484 and $110,131, respectively, for the corresponding 2011 periods. The large increase in the current year stem from change in control payments of $3,686,905 and bonus payments totaling $2,430,261 paid to employees, directors and consultants in the current quarter in connection with the completion of the Sale Transaction. "
"On May 4, 2012 F&M terminated the agreement following the completion of the Sale Transaction and, in connection therewith, F&M was paid $2,361,905 by Longford, all of which was recorded as an expense during the three months ended June 30, 2012. F&M entered into a new consulting agreement with the Company on May 4, 2012 pursuant to which F&M agreed to provide consulting services to the Company. F&M was entitled to compensation of $25,000 per month under this agreement. The term of this agreement was on a continuous month-to-month basis, but was terminable at any time for just cause without notice. In the event of termination without cause, F&M was entitled to be paid the equivalent of twelve months of base fees in the form of a lump sum payment within 30 days of the termination date."
Lots of other good things about these crooks and them trying to line their pockets....