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Re: 714 post# 45663

Monday, 09/19/2016 11:25:46 AM

Monday, September 19, 2016 11:25:46 AM

Post# of 51701
Bitzio has not revealed what Kevin Kreisler salary will be, apart:

The Company is party to an employment agreement with Kevin Kreisler, the Company’s Chairman and Chief Executive Officer, which agreement includes terms for reimbursement of expenses, periodic bonuses, four weeks’ vacation and participation in any employee benefits provided to all employees of GreenShift Corporation.



Kreisler received a $250K salary as CEO of GreenShift last year.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11330633

Kreisler possibly received another salary as CEO of Viridis. And as CEO of Flux Carbon Fund, which currently owns Bitzio.

Now that he controls both Bitzio and GERS, K.K. steered some cash towards some other entities he controls:

During 2015, the Company loaned about $30,000 to Plaid Canary Corporation ("PCC"), for use in the development of agricultural technology; about $90,000 to FLUX Carbon Mitigation Fund LLC ("FCMF"), for use in the development of energy technology and businesses;


As of the six months ended June 30, 2016, the Company had loaned about $30,000 to Plaid Canary Corporation ("PCC"), for use in the development of agricultural technology; about $173,000 to FLUX Carbon Mitigation Fund LLC ("FCMF"), for use in the development of energy technology and businesses; and about $881,000 to Bitzio, Inc. ("Bitzio"), for use in the development of lifestyle technology and businesses.
The Company additionally paid about $337,000 in research and development costs on behalf of PCC and agricultural technology. FLUX Carbon Corporation ("FCC") is the beneficial owner of an 80% equity interest in Bitzio, and of the majority of the stock of the companies which own PCC and FCMF. FCC is owned by Kevin Kreisler, our chairman and chief executive officer.


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