GREY:LGLTF - Post by User
Post by
kim2015on Jun 11, 2015 2:12pm
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Post# 23821212
Insider Transactions
Insider TransactionsPage 25 of Q1 2015 report said the Company successfully raised $12.878M
Page 26 of Q1 2015 Report said: CEO lend $729,756 to the Company at a whopping interest rate of 18% per year and remained as outstanding loan to Company paying 18% interest
Same paragraph said a director of Uhak (a company just joined Loyalist for a few months) borrowed $334,183 fom Loyalist.
These are fraudulent transactions,
Company raised $12.878M by issuing a ton of shares
Then CEO lends another $729,756 to the Company to earn 18% interest
Then the Company has so much cash they loaned the cash to a new joined director of Uhak in Korea?
Is the company cash rich, cash short or committing fraud?
Don't forget, Beacon Group advanced $5.25M to LOY earning only 7.5% interest!!! - page 25 of Q1 report.
Page 33 of Q1 report stated a $5.954 million operating loss(burn rate of $2M per month).
LOY had $5.7M cash as of March 31st., which should be dwindled to $1M as of this month.
Page 39 of the Annual Report said Housing Revenue was $5.934M. It also said Occupancy Cost relating to Housing was $7.097M = Net Loss of $1.1 million
Page 30 of Q1 Report said Housing Revenue for 3 months was $1.101 million, and corresonding Occupancy Cost was $1.946 million, = Net Loss of $841,000 in 3 months
Read for yourself under Sedar.ca Q1 report and look for that technical rebound on a fraudulent company... Page numbers are provided for your easy reference.