Tuesday, February 21, 2017 11:30:12 AM
Mike18181 - you really should read/understand a little more. The 2,000,000 shares awarded to NDEV CEO are in lieu of cash compensation salary and are restricted.
#1 - he cannot sell
#2 - its in place of any cash salary and when awarded/issued in August stock was at $0.03 so was worth $60,000. Not exactly a huge #.
And its commonplace for public company executive to get paid/awarded in restricted stock as it aligns their interests with shareholders. Tim Cook of Apple....the list goes on and on and on.
FROM NDEV FILINGS:
Iii On August 1, 2016 CEO Gary F. Labrozzi received 2,000,000 shares common in lieu of his employment contract.
Read the flings yourself: https://www.otcmarkets.com/stock/NDEV/filings
Again - alert to all, don't pay attention to this joker Mike18181 as he has no idea what he is talking about.
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