Hi Silkz,
Your comment:
"If there to be reimbersed once the JV is signed....i would be seemingly "paying" the admin staff a "big payrise"...BUT in actuality paying them the same salary and squirriling the excess into a secret fund....good way to get sentry to fork out $450k for the quarter,when in actuality its still approx $270k??...pick up an extra $180-200k?.....my sinister conspiracy theory brain at work again....."
Silkz I can only assume that you are not involved in the accounting or finance sector by your comments above.
Under accounting standards MHL will be entitled to be reimbursed per the J/V agreement for the expenses incurred and relating to the J/V agreement starting from 01/01/2008. There is nothing sinister in this transaction. It is a normal business transaction. If you have questions as to the validity of the transaction please verify what I have stated with your accountant.
Cheers,
Brantley
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