April 28, 2013 11:01 am
Ok. This is how I wanted it to look the first time:
gwg & sim: I based my 'new digs' statement on this quote from the 2012 MD&A: "Due to expansion of the company, occupancy costs rose from $1.5 million for the year ended December 31, 2011 to $2.9 million for the year ended December 31, 2012. The increase is the result of LCM leasing new facilities as well as the corporate office moving to a larger space after adding personnel." (page 7).
I may be wrong, but it reads as if they moved to a new corporate office sometime last year. Maybe they just leased a larger space in the same building. The question of the day, though, is, "Is the corporate office worth over $30,000 per month?" It seems like a lot to me. Does it seem high to either of you?