Consultancy Services to WheelTug to the Tune of $180K USD (‘only’ $120K USD the previous year)

*Notes to the Financial Statements (Continued)
18 months ended 30 September 2016

  1. Related party transactions and balances (continued)

    Joseph Cox (son of Rodney T. Cox) provides consultancy services in relation to the WheelTug project for a fee of $180,000 (2015 – $120,000) during the period. Included in trade and other payables is $179,766 (2014 – $74,514) owing to him at the period end.

*All above is from the Borealis Exploration Limited 2016 Annual Report.

The plot thickens.

One thought on “Consultancy Services to WheelTug to the Tune of $180K USD (‘only’ $120K USD the previous year)

  1. Who reading this other than Joseph Cox got a 50% raise in 2015 for consultancy services?

    Were you also consulting your older brother on his invention?

    Like

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