A little deeper look at travel and promo expenses

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sculpin

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A little deeper look at travel and promo expenses

posted on Apr 18, 2013 03:53PM

I was checking out the Travel and Promotion columns of the finacials again.

For the 3 month period ending Nov 30 2012 Promo and shareholder communication $314,947

Travel $321,976

For the 3 month period ending Nov 30/2011 Promo and shareholder communication $329,302

Travel $315,990

So above you see relatively little change from year to year in the amount of expenditures. I don,t recall seeing any or much shareholder communication and Promo being done in the Aug30/2012-Nov 30/2012 period, (Susan Blonde seemed to be around that time)and it definitely didn,t seem to support the sp? Also, while our stock was in constant decline with a treasury getting lower, there didn,t seem to be any cut back established in this quarter? As with the travel, it appeared to remain constant. These appear to be extremely high expenditures in this category considering for the little that seemed to be going on with the company.

We need a breakdown of these expenses to see what they were spent on. It makes no sense to me for these columns being that high considering that the company didn,t appear to be doing much exploration and at a time when most Venture companies were in a conserve cash mode for months, that involved companies cutting back internally because of market conditions.

WHAT!!! I almost fell off my seat when I did the calculations for that 90 day period! It equates to approx $7066 daily! This is totally unacceptable!!! Does anyone here think that shareholders should not be concerned with this/these figures?