TSXV:AAA.P - Post by User
Post by
Ethanbrodieon Jun 17, 2014 1:00am
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Post# 22665502
talked to management
talked to managementAbout the supposed 10 mil payoff to management...
This is reality..
Allana is paying the institution who helped put together a deal between ICL and Allana. I believe it is a bank. They gave the institution 3 mil now, I believe 3 mil at the end of the year and 4 mil once the project is in production. Management has not been compensated whatsoever.
This is virtually word for word from richard kelertas.
I think its a pretty darn good finders fee relative to the actual cash transaction.. I think a bit higher than normal but I believe it is normal business practices..
This is also an example of how rich get richer... what can ya do..