Just was reading financials of NEX shell CCT Finacial. Was shocked to see over $400k in management fee's for just 3 months and a huge bonus paid.

The Company paid $56,250 (July 31, 2013 – $nil) for management fees and $171,250 bonus payments to the Chief Executive Officer and a company controlled by the Chief Executive Officer of the Company.

For 3 months ended July 31, 2013 total expenses were...$937k. For a shell.

RELATED PARTY TRANSACTIONS AND BALANCES During the three months ended July 31, 2014 and 2013, the Company incurred and paid the following items to related parties: July 31, 2014 July 31, 2013 Consulting fees $ - $ 10,200 Professional fees 1,100 268 Management fees 402,500 - $ 403,600 $ 10,468 For the three months ended ? The Company paid $56,250 (July 31, 2013 – $nil) for management fees and $171,250 bonus payments to the Chief Executive Officer and a company controlled by the Chief Executive Officer of the Company. ? The Company paid $27,500 (July 31, 2013 – $nil) for management fees and $1,100 (July 31, 2013 – $nil) for professional fees to a firm of which the Chief Financial Officer of the Company is a partner. ? The Company paid $30,000 (July 31, 2013 – $nil) for management fees and $80,000 bonus payments to the Chairman and a company controlled by the Chairman of the Company. ? The Company paid $37,500 (July 31, 2013 – $nil) for consulting fees to the Company’s President and director and a company controlled by the Company’s president and director of the Company. ? The Company paid $nil (July 31, 2013 – $10,200) for consulting services provided by a former director and a company controlled by a director of the Company. ? The Company paid $nil (July 31, 2013 – $268) for legal fees to a firm of which a former director of the Company is a partner. The balances due to the Company’s directors and officer were $90,207 as at July 31, 2014 (July 31, 2013 – $92,674). These amounts are unsecured, non-interest-bearing and payable on demand.