Lord, how the money rolled in, rolled in,

And, Lord, how the money rolled out!!!

 

Barkerville shareholder seeks AGM, new directors

2012-12-06 13:46 ET - Street Wire

by Mike Caswell

The petition complains that Barkerville is in financial distress, and states that Mr. Harbour has lost confidence in Mr. Callaghan's ability to run the company. Mr. Harbour points out that Barkerville has spent over $100-million on exploration, and has failed to create an economic prospect.

 

BGM’s and its predecessors’ Sedar Filings show that Frank Callaghan and his Standard Drilling & Management Ltd were paid the following (year end is February 28, so 2012 figures , taken from the audited financials, are as of February 29, 2012, only):

THE 13-year total is over $30 million

2012  F Callaghan  $3,000,000 Estimate                       Standard $6,451,711 total  $9,451,711

2011   F Callaghan    $417,437 salary and securities   Standard $2,801,631 total  $3,219,068

2010   F Callaghan $2,288,796 salary and securities   Standard   $297,952  total  $2,586,928

2009   F Callaghan     $120,000 salary and securities   Standard   $238,008  total     $358,008

2008   F Callaghan $2,949,379 salary and securities   Standard   $434,475  total  $3,383,854

2007   F Callaghan $1,187,310 salary and securities   Standard   $315,446  total  $1,502,756

2006   F Callaghan     $802,021 salary and securities   Standard   $323,831  total  $1,125,852

2005   F Callaghan $2,613,442 salary and securities   Standard   $349,792  total  $2,963,234

2004   F Callaghan $2,600.000 salary and securities   Standard   $157,178  total  $2,757.178

2003   F Callaghan $1,244,242 salary and securities   Standard   $143,890  total   $1,38,132

2002   F Callaghan       $60,000 salary and securities   Standard   $141,937  total     $201,937

2001   F Callaghan     $410,000 salary and securities   Standard   $177,183  total     $587,183

2000   F Callaghan $1,192,600 salary and securities   Standard   $251,680  total  $1,444,280

 


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