Below is a copy of a post I submitted in October 2014. I failed to include the good news from page 62 of the 2010 annual report which reads
During the reporting period, fees for administrative, accounting and consulting fees of $374,699 (excluding GST) were incurred to Mr Luke Martino‟s related company, Indian Ocean Advisory Group.
Original post
Why would anyone want to see PZC go under?
Page 56 of Annual Report 2014 says PZC incurred fees for administrative, accounting and consulting fees of $117,440 (excluding GST) to Indian Ocean Advisory Group Pty Ltd
Who is the Chairman of Indian Ocean Advisory Group Pty Ltd?
Our Non Executive Chairman Domenic Martino is
Who is a Director of Indian Ocean Advisory Group Pty Ltd?
Our Non Executive Director Luke Martino is
See website .http://www.indianoceangroup.com.au/team/.
The fee in Annual Report 2013 was $119,619 (excluding GST)
The fee in Annual Report 2012 was $422,052 (excluding GST)
The fee in Annual Report 2011 was $161,152 (excluding GST)
and so on
Page 56 says PZC incurred a fee of $75,000 to Ridgescan Pty Ltd,
Who is Ridgescan Pty Ltd?
Our CEO Alan Hopkins is
See page 12 Annual Report 2014
Fees to Our CEO Alan Hopkins were also incurred in previous years
2013 $15,000
2012 $10.000 and so on
LJM Capital Pty Ltd, a company related to a director, has provided short-term loans of $75,000 and a total financing fee of $6,250 was incurred in the current financial period. Total loan outstanding as at 30 June 2014 is $75,000.
Wouldnt it be great if we could all lose money to ourselves. No doubt just the tip of the iceberg.
In the last four years PZC has incurred fees totalling $1,077,522.00 (excluding GST) to Indian Ocean Advisory Group Pty Ltd.
Tombo
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