Propellus Inc (PRPS)

[RS500]

Talk about lining their own pockets

Besides the $163K in salaries this quarter they awarded themselves the following class B shares which have a 10-1 value ratio of us common shareholders, even the favourite uncle got a good wad of freebies.

In July 2015, the Board of Directors approved the incentive issuance of 2,000,000 shares of the Company ’ s Class B Convertible
Preferred shares as an incentive to the following persons, in the following amounts:
1,250,000 shares
325,000 shares
70,000 shares
50,000 shares
70,000 shares
70,000 shares
55,000 shares
30,000 shares
20,000 shares
60,000 shares
Zhijian (James) Zhang
Hangbo (Henry) Yu
Waiman Mandy Chung
Anyork Lee
Shirley Liao
William Hsien
Mehmet Cercioglu
Thomas L. Louie
Dan Shi
Fang Xu