Kudos to the execs and their "consuting companies" for deferring compensation to keep things moving along. Compensation has been very consistent the past couple years
As at March 31, 2024 it appears $819,951 is owed to those who have deferred compensation / salaries. Add that to the promissory notes and the execs / directors are owed a substantial amount of money from the corporation.
https://gensourcepotash.ca/wp-content/uploads/2024/06/GSP-Q1-MDA-31March2024.pdf Three Months Ended March 31, 2024
“a) During the three months ended March 31, 2024, compensation and salaries of $237,500 (three months ended March 31, 2023 - $237,500) were accrued or paid to directors and officers of the Company or related companies controlled by officers of the Company. They were included in general and administrative expenses and development expenses. Included in amounts payable and other liabilities was $819,951 (December 31, 2023 - $597,865) owed to related parties for deferred payment of consulting fees and expenses.” Page 12
Subsequent Events
• On May 9, 2024, the Company received an unsecured promissory note from related parties amounting to $150,000. The promissory note bears interest at a rate of 0% per annum and matures on June 25, 2024