Great Lakes Graphite Inc GLKIF

RE:RE:Re: Ramore1 assessment.

[BadMedicine]

Flow is a tax vehicle that passes on tax benefits to investors from what I understand of it, am I wrong?

Quebec flow CEE is limited to Quebec projects and there are specific rules regarding how these funds are to be used within the jurisdiction.

Items such as projects in other jurisdictions or compensation for management doesn't fall into those categories, correct?

I'm looking at the funds that have been raised, either flow through or non-flow through and trying to figure out how those funds have been allocated, especially flow through that have requirements for specific years to be expensed.

Do you think it would be right if Quebec flow through was not handled in accordance with allowable use of funds?

Do the numbers make sense to you?

How did they keep Matheson work going or micronization efforts outside of Matheson funded, does the math make sense to you? Look at G&A and all the rest, I'm not sure it all works out.

Like I said, I'm not an accountant.

I'm not ignoring anything positive as you suggest but I'm concerned that there could be issues on how the company got here from a funding perspective.

Does the math in the financials make sense to you.