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Message: Response to Digger Dog's post censored earlier today

Response to Digger Dog's post censored earlier today

posted on Jan 19, 2010 07:49PM

A few important points to add to diggers censored post earlier today.

The disclosures made in the January 18 2010 info circular are only for the fiscal year ended April 30 2009.

The billings being disclosed are much lower than the current insider billing
rates shown in SEDAR filed financials since SMH moved to BC at the and of
December 2008.

We are only now being shown what 4 months of SMH in BC looks like after it
has been averaged down with 8 months of running SMH in toronto in the year
ended April 30 2009.

Old CFO's $53,309 salary was for 8 months plus any severence paid. New CFO's
$20,375 is for only 4 months. The 2 CFO billing rates are therefore not very
different if old CFO received 1 or 2 months severence.

CEO, VP, old CEO and new CFO were $372,843 of the total ($31,070 per mth).
Other 5 directors are additional $44,000. The 5 officers and directors
referred to in the audited statements appears to be too low a body count. Is
there an error in the audited financial statements?

What we really need to know as shareholders is how much of the current years
$289,404 for 6 months ($48,234 per mth) is for CEO, VP, and CFO?

This shows an increase of $131,508 for 6 months ($21,918 per mth) or 84%
from a year earlier.

And lastly, why does Agoracom prevent us from discussing the SMH Information
Circular which was made public January 18 on SEDAR?

As shareholders of your sponsor, SMH, are we not in effect paying for the
right to discuss these relevant issues?
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