RE:FINANCIAL STATEMENTS I am not sure how good the management is. In page 25 of the audited statements, I noticed that the professional fees down ($3.8M) significantly compared to that in 2015. This suggested that the management is good and saved money for the company.
2016 2015
Professional fees $ 1,430,767 $ 5,239,834
However, instead of use that saving for the company's operation, the management paid to themselve. It looks like they legally pocketed the saving from the professional fee at the expense of the shareholders.
Years ended December 31
2016 2015
Salaries,consulting and benefits $ 1,327,481 $ 889,064
Share-based payments 4,429,151 5,716
Deferred share unit costs 21,089 1,484
$ 5,777,721 $ 896,264
This is my opinion. Does anyone have any suggestion/ idea?