What's really interesting about this 10K is that it addresses the millions in private placement Hennis made - and the $8,000/mo salary he gave himself - this wasn't payable in locked up shares, like Guyer and Rice, but in cash.
I believe by offshore it means the Netherlands. Huh, what do you know? There was plenty of cash when Hennis was CEO. Too bad the company didn't dump him then, instead of waiting until he'd blown the whole wad.
We can go on about Hennis vs Guyer all day. Unfortunately, evrything Guyer is accused of tends to be speculation - while the legal genius Hennis made sure his laundry was in pulic record.
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