RE:RE:RE:RE:RE:New Press Release - Newlox Gold Files Annual Audited Financial StatementsUpon a quick scan just the typical stuff stands out
Ryan Jackson management fees
$270,087
Dad's numbered company consulting fees $264,673
Total $534,760 per year to Jackson family members.
Amazing how much money they are (and have been) able to pull out of this money losing venture, while share issuances are needed just to keep the company afloat. The good news is they are clearly worth every penny ;-)
That being said by my math unless the company is now turning a profit, which I'm guessing is highly unlikely, money has to be running out. Time must be of the essence here to get the cease trade order lifted so they can place some shares. Salaries and consulting fees need to continue to be paid....it's almost Christmas afterall.