CFOI was curious to know how much AM Resources Corp generated of revenues from it brokerage business. I did not see the information in the last financial statements and MD&A. On the other hand, their CFO is also Martin Nicoletti. In consulting fees he receives $78 000/year from Am Resources and approx the same amount ($72 000) from Toma. The diffrence is that AM Resources has operating activities, income ect... and Toma nothing. And when I said nothing is nothing. It's not only about operating activities, income ect... but it's also nothing in exploration and other activities. In the last 1 year and 3 months, these are the PR from Toma (not from Iamgold):
1) creation of advisory board
2) creation of brokerage business
3) airplane survey
4) acquisition of few claims for peanuts
5) cease of our brokerage business
Someone can explain me what is the job of the CFO? For $72 000 the guy works 35hrs/week for Toma? he signs the cheques (consulting fees $500 per cheques??); He talks with David 10 minutes (consulting fees $150??); $10 000 for each interim financial statements?? (we have no income and no opearting activities); he said good morning to the receptionist ($200??); he reachs a call for a taxi for him ($100 for the call and Toma pay the taxi??).