Post by
Bean_and_Dunn on Jan 24, 2014 9:28am
By the numbers
Amounts below are in thousands of CDN dollars.
First, here are some really good things to like about this company. Shareholder's equity was $450,402. or $2.22 per share, total tax pools were $696,935.
In RPL 9 mos. statement of operations the following items though fairly shout greed and incompetency:
Realized loss on derivative contracts $9,345
Unrealized loss on derivative contracts $12,170
Operating Expenses $35,656 versus $13,789 in 2012 this is 2.58 higher versus 2.18 growth in revenue. Expenses grew faster than revenue. This is generally not a good sign.
Loss on disposal of properties $7,980.
Interest expense $9,549
The one that hurts most. These carpetbaggers charged general and administrative costs of $11,118 versus $5,600 last year. This includes total share based compensation of $4,249. Now this share plan is much different than a share option plan. These clowns, (and I mean no disrespect to the professional clowns I just am not allowed to use the proper term which sounds similar to lost souls) will receive shares even if the share price does not increase. They will even get a severance package if they get booted out of office.