RE:RE:RE:RE:Flow-Thu ExpendituresGreat thinking (more legal suites, investors denied tax credits)) , please tell us where the exploration program is in place to incurr these eligible expenses, they can either spend this money (flow thru eligible expenses) or return it. GLK did not post this amount the auditor did (see previous post). The expiry date is December 17, 2017 and the following penalty will be in place.
PENALTY FEE Any monies unspent by December 31, 200X +1 triggers a 10%
penalty on any remaining balance. Any money left after the EXPIRY DATE of
December 31, 200X+1, must be returned to investors on a pro rata basis, which in
turn can entail reassessments of personal deductions for the tax year 200X or other
tax pools, which means don’t go there! The monthly interest fees and the 10%
penalty fee are deductible against corporate income (if any).
Read more at https://www.stockhouse.com/companies/bullboard/v.glk/great-lakes-graphite-inc#SFTqPluGhMC9MWXc.99