: RE: Way, hey, Blow the man downMoosie-the-weenie mutters, "Who cares about this stuff, only you seem so interested about other peoples personal life".
Erm...Moosie, you should get out of the hot tub and travel a bit.
Might I suggest that you visit https://www.msqconcern.com/ ?
Diversion of Funds from the CuMo Project, Concerns Regarding Expenses and Financial Controls
Over the past year, Mosquito’s flagship asset, the CuMo Project, has suffered greatly due to the lack of allocation of funds to the project. Large sums of money raised through private placements, instead of being allocated to the CuMo Project, have been used to support Kirkness Diamond Drilling Co. (“Kirkness”), a US subsidiary of Mosquito which was previously managed by the President’s son, Kyle McClay, who has a high school education and limited management and drilling expertise. As a drilling company, Kirkness should have been earning profits for Mosquito, but its operations unfortunately required significant financial support from Mosquito, and a large amount of the funds raised for the CuMo Project were advanced to Kirkness. The Concerned Shareholders believe that Kirkness used these funds for drilling properties of other companies, some of which the McClay family had interests in or relationships with. The Concerned Shareholders estimate that the allocation of the funds to Kirkness rather than to the CuMo Project has delayed the entire project by at least one year.
Mosquito has, in the opinion of the Concerned Shareholders, unnecessarily purchased an aircraft and used up funds that could have been spent to advance the CuMo Project instead. There is evidence that the aircraft has been used by Brian McClay, the President and Chief Executive Officer of the Corporation, in ventures not related to Mosquito or the CuMo Project.
The Concerned Shareholders have determined that this type of fund allocation has continued since the 2011 Meeting. For example, the Concerned Shareholders are aware that Brian McClay has inquired about Mosquito purchasing a Gulfstream jet on eBay in June, 2012. In addition, the Concerned Shareholders are aware that Mosquito’s funds have been spent on projects in Mexico and that Mosquito has paid lawyers in Chile when it does not hold nor was it looking to acquire any property interests in Chile. It is the opinion of the Concerned Shareholders that there are little if any financial controls in place.
In addition, personal payments of Brian McClay have been made through the accounts of Mosquito including alimony payments and car insurance payments for personal vehicles driven by the McClay family. While it appears that Brian McClay is eventually responsible for such payments, there are no checks and balances to ensure that Mosquito is fully reimbursed by Mr. McClay. The Concerned Shareholders feel that it is inappropriate for Mr. McClay to run his personal expenditures through the Corporation