REAC Group Inc. (REAC)

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Wow, what a load of crap. Look at DeAngelis and his self helped massive salaries. The man is a crook

(b) The Company has paid stock based compensation, to its Chief Executive Officer totaling $1,290,000 and $3,832,500 during the nine month periods ending September 30, 2015 and 2014, respectively. However, the Company has not paid the related payroll taxes, consisting primarily of Social Security and Medicare taxes. As a result, the Company has established an accrued liability for the related taxes, along with the estimated interest and penalties of $551,903 and $479,567 at September 30, 2015 and December 31, 2014, respectively.

During the nine months ending September 30, 2015 and 2014, the Company issued 648,500,000 and 36,650 shares, respectively, of common stock to the Chief Executive Officer in exchange for services. These shares were valued at the closing market prices of the stock at the date of grant, resulting in the recognition of $1,290,000 and $3,832,500 in compensation expense.

If all else fails "As of November 16, 2015 there are 1,018,887,234 shares"

He paid a lot of money. LOLOLOLOLOL. All that DeAngelis did was steal money from his shareholders.

Press Release Update:

ih.advfn.com/p.php?pid=nmona&article=69644065