Halcro, you said you'll "guess that it'll be under a grand a month, if even that" (http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32078967&l=0&r=0&s=bgm&t=list)
So let's just have a look at what Maudore's expenses are: http://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00003444&fileName=/csfsprod/data137/filings/01991663/00000002/c%3A\EF-A.pdf
Maudores expenses greatly increased since the dissident's board rule the show (July 2012).
Costs for "Trustees and registration fees, shareholder relations" between 7/1/11 and 9/30/11 were $27,517. That increased to $284,527 between 7/1/12 and 9/30/12. That means $94,842 per month...
In addition to those "shareholder relations" costs mentioned above, Maudore states it spent an additional of $75,790 for "Publicity, travel and promotion" between 7/1/12 and 9/30/12 - or $25,263 per month.
Wait... Dafuq did I just read? Combine the two monthly sums mentioned above and you end up with $120,105 for share(holder) related spendings A MONTH. That's $36,192 more per month than what you stated (http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32078967&l=0&r=0&s=bgm&t=list) BGM throws into the "shareholder communications and advertising pot".
Besides the increase in spendings for share(holder) relations above, though Maudore spent only $58,003 on "Professional and contractual fees" between 7/1/11 and 9/30/11, the new board spent $1,498,833 on "Professional and contractual fees" between 7/1/12 and 9/30/12. By the way: that's an increase of 2584%
Halcro, what was your point again?
Stockhouse.com: Taking
it to the street
