PZC 0.00% 0.2¢ pan asia corporation limited

Why would anyone want to see PZC go under? Page 56 of Annual...

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    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.

    Tombo
 
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