Medizone Intl. (fka MZEIQ)

[never-say-die]

Will Medizone survive the upcoming shareholder meeting?

For a good number of years now, the bulk of the money Medizone has raised by continually diluting the stock has gone to pay exorbitant salaries. Precious little has gone into marketing or attempts at developing the markets open to them.

The financial backers have blissfully pumped cash into the company with no accountability and sat back while those running the company picked off most of the cash for themselves while producing nothing in the way of shareholder value. To the contrary, they have demonstrated over and over again gross incompetence.

Now their backs are up against the wall and they were forced to call a shareholder meeting. At the top of the list on their agenda is increased executive compensation, financed of course by more stock dilution.

If shareholders go along with this insanity they are going to get exactly what they deserve. Fat and happy executives, poorer and poorer shareholders praying for miracles that will never come based on how the company is currently run.

If the large shareholders can't find a way to remove current management and replace them with competent leadership then I fear Medizone is doomed.

Anybody voting for more stock dilution to finance increased incompetent executive compensation needs to have their head examined.