Bulion B,
You have hit the nail squarely on the head.
Related Party transactions all benefiting MC & AG.
The office rent increase/ benefactor / is a ripper.
Guo & Carson have used the DAU treasury only to forward their personal interests at the expense of the shareholder ; whom they have a fiduciary duty to act in shareholders best interests.
They have clearly breached their obligation as Company Directors.
Carson reports quarterly , he is actively working with VAN on the dewatering project over at K2 as if its akin to building a hotel on Mars !!
Really..that is a non event which requires a couple of diesel pumps & hoses. ( circa 25K$ pm ripped out of the DAU treasury to Carson private acc ,for a simple task which was slated to begin over 12 months ago..)
Would be great to see a Carson / Guo work time sheet with anything at all related to DAU.
Miscellaneous would be the best column to place all outgoings for this board of directors.
A sad joke.
Its clear most if not all efforts have been pointed at Aurigin foods fully funded by DAU ( interest free / unsecured / no payback date fixed)
In addition Guo / Carson propose its fair & reasonable they receive a 85% free carry on this new venture.
No objective neutral analyst would rule anything other than,
this proposal is a laughable disgrace with only 2 benefactors,
Carson / Guo.
Stay cool,
Best,
S.G
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