CarbonMeta Technologies Inc (COWI): How much was it? lol 1st post ;)...

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Arrow335

Re: SPIN post# 8497

Friday, 07/20/2007 11:32:24 AM

Friday, July 20, 2007 11:32:24 AM

How much was it? lol

1st post ;)

Posted by: golfer123
In reply to: Arrow335 who wrote msg# 5984 Date:3/6/2007 12:02:29 PM
Post #of 8498

how do you figure his salary is 55% of PY revenue. According to 2005 10K revenue = $0 and Walt's salary was $150K?

Posted by: Arrow335
In reply to: golfer123 who wrote msg# 6011 Date: 3/6/2007 12:17:50 PM
Post #

Walt $487,500 as of December 31, 2005, Assets for same period $581,539. What's that % come to useing this figue? I was using below figure, kind imo.

http://finance.yahoo.com/q/ks?s=INRA.OB

Mr. Weisel's employment agreement is dated July 19, 2000. Mr. Weisel's salary is $150,000 per annum plus a bonus at the discretion of the Board of Directors. The agreement stipulates that Mr. Weisel's salary will be increased to $200,000 and $250,000 when certain sales and profit objectives are met. The agreement is for a term of three years and automatically renews for successive one-year periods unless terminated by either party upon not less than sixty days prior to the renewal date. Mr. Weisel has agreed not to compete with the Company or solicit its customers or employees for a period of two years following the termination of his employment. The agreement also requires the Company to pay Mr. Weisel all accrued compensation, which amounted to $487,500 as of December 31, 2005, upon receipt of additional capital of no less than $3,000,000.

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001144204-06-040230&Type=HTML