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Global Railway Industries Ltd T.GBI



TSX:GBI - Post by User

Comment by 2guyson Jun 11, 2013 9:20am
71 Views
Post# 21510202

RE: Dissidents Selling @ $0.225...

RE: Dissidents Selling @ $0.225...

One thing I believe to be a big positive with this management, and I believe is very important is, they don't reward themselves with huge compensation packages. 

 

You don't find this in many venture plays.   Good sign, IMO.  FWIW, most of the recent quarter expenses for GBI went to pay out ex-management and for regulatory filings with the move to Vancouver. 

 

This is from the most recent NOR Quarterly  filings.  It shows just how frugal this management is with money, IMO.  atb

 

Operating expenses totaled $34,053 for the three months ending March 31, 2013 compared to $76,361 for the comparative period and included general and administrative costs of $27,043, independent directors’ fees of $5,000, interest expense of $1,461 and regulatory and shareholder communications of $549. No management fees, salaries or stock options have been paid or received by the current management since their appointment with the exception of $10,000 to the Chief Financial Officer for accounting services during the reported quarter.

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