RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Please JM take you your wife and your daughter and resign Yep, I'm JM - Good luck finding me. You take things way too far out of context. All that I'm saying is that rent is a common expense amongst ANY business. Whatever they pay, $2450/month to an insider or not, they'd be paying almost twice that to interest alone while just servicing the debt to a loan. I don't know where you live but real estate is expensive. You couldn't buy a warm spot over a sewer where I live for 500k. If a unit at Acland sells for 500k they'd be paying at least $2450 a month in interest alone on a modest 5% financing rate. Simple math...whether they rent space or finance it, they still need room for expansion. As long as the rental space is being used for production and not being left empty it is money that needs to be spent.
KelownaClown wrote: LongDollars wrote:
I don't have have many concerns and what I said makes sense - You just don't have an argument for what was said so you resort to a snarky comment or personal attack. I am curious though as to why you have so many concerns regarding this company because you always show up here after financials.
@Longdollars, so you just said: "I'd rather see them pay the rent at approximately 25-30k/year to
themselves with a tax break than shell out over 50k in just interest on the loan to the bank".
Oh, so in other words, you're saying you're more concerned about the financial well-being of JM and his bride, not the share-holders? If the company bought the properties, and the value of real estate goes up, that benefits the share-holders. Whereas if the value of a rental property goes up, that benefits the landlord.
So who are you? You suggest I only pop in here when financials are relased, which isnt true, but why are you defending the financial situaiton of the company executives and not the share-holders?? Are you JM????