Adaptive Medias Inc (fka ADTM)

[236T568]

What is wrong with this Picture?

See below

at $300 per hour, ADTM Director was paid $493,706 for nine months work in 2014.

This would mean that he was working 9 hours per day, for 5 days a week during the 9 month period - THE EQUIVALENT OF A FULL TIME JOB!

Wow, just wow!

but not surprised

and why is this not surprising?

because this is what scam companies do!

How scam companies do it.

How to get a big wig as a Director of the company in order to promote the stock

No problem, just pay the guy about half a million dollars for 9 months as a Director.



"Effective April 1, 2014, the Company contracted with a consultant to perform services requested by the Company on a non-exclusive basis. On May 7, 2014, this consultant was appointed by the Company’s Board of Directors as a member thereof. For the year ended December 31, 2014, the Company recognized $493,706 of expense for services rendered by this consultant/Director, $228,202 of which was paid in cash, $242,985 of which was paid with restricted stock and $22,519 of which was included in accounts payable as of December 31, 2014."


"On April 1, 2014, the Company entered into an Independent Contractor Master Agreement with Bruce Wiseman, director of the Company, pursuant to which Mr. Wiseman provides various operational, analytical and decision-support consulting services to the Company at an hourly rate of $300 per hour, 50% of which is payable monthly in cash and 50% of which is payable quarterly in the form of restricted stock. During 2014, $250,721 in cash compensation was earned by Mr. Wiseman pursuant to this agreement and 77,168 shares of common stock were issued to Mr. Wiseman at a value on the grant date of $242,985. The agreement may be terminated by either party upon 2 weeks’ notice. "





Quote:
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Scam company ADTM files 2014 10K:


http://www.sec.gov/Archives/edgar/data/1428397/000114420415018497/v405178_10k.htm