New acting CEO looking out for himself. Why am I not surprised. He received 100,000 shares from the board in March 2016. If you recall the board voted to give all the officers and I believe the board members restricted shares for doing such an excellent job. What a joke.
So what does he do,As soon as A.Schoenbart filed that he is now interim CEO.
He amended the form 4 originally filed in March to report a change in vesting schedule.
The restricted 100,000 shares can now vest upon the earlier to occur (1) Sept 1, 2017 or the day immediately following the date on which the company announces receipt of at least $250,000 from any source of funding.
What confidence is he showing to the shareholders by granting himself to sell his shares almost a year earlier than originally granted. Why didn't he buy shares at 35 cents if he was confident in the company going forward they would have a workable CGM. Continuing the same pattern for ecte officers which is do what's best for them at the shareholders expense. When will the shareholders make them accountable.
I guess he now can sell his shares which cost him nothing for doing such a wonderful job.Now 5hat I think of it what did he do as CFO to deserve 100,000 shares valued at the time of about $125,000.
AI
