Global Clean Energy Inc (GCEI)

[syndicate]

Ken's ego and greed gets in the way of doing the right thing. The only person with a bigger ego is Earl who was the only one that backed Ken 100%. You do realize they are in bed together, right?

Ken is good for $18,000 a month as a consultant and another $5,000 (because of course he is the landlord for their office space). And oh, he is owed more than $300,000 on that deal.

Here's how Ken and Earl chose to kick off the party back in 2012 with their "accrued compensation". If you're wondering, yes, he turned $50,000 into $600,000 worth of stock. Nice work, would you step down?

On August 15, 2012, Ken Adessky (a related party) converted $50,000 of accrued compensation into 10,000,000 shares of common stock, valued at $600,000 based on the closing market price on the date of grant. As the value of the common stock granted exceeds the value of the liabilities relieved, a loss on conversion of $550,000 was recognized.