It's not hard to answer it... Its just a little hard to decipher it all (for me).....
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During the year ended September 30, 2016 the Company paid or accrued $713,000 (2015$815,528) to Officers and Directors, of which $500,000 was paid to theCEO by the issuance of 10,000,000 common shares (Note 9). The balance was paid or accrued as follows: CEO fees of $90,000 (2015 - $250,000), CFO fees of $60,000 (2015 - $50,000), President fees of $24,000 (2015 - $220,000), Chairman fees of $12,000 (2015 - $18,000) and other Directors fees of $27,000 (2015 - $277,528). During the year ended September 30, 2016, the Company paid or accrued $73,068 (2015 $21,900) for professional fees and services and $125,000
(2015 $22,975) in legal fees paid or accrued to a Director in his capacity as legal counsel. The Company granted 2,000,000 stock options tothe CFO of theCompany, resulting in $66,789 (2015 - $Nil) of stock-based compensation.
Included in Shares to be issued as at September 30, 2016 is $902,000 (2015 - $650,000) for unpaid Officer and Director fees, $80,000 (2015 - $90,000) for
professional fees & services paid to a director for consulting services provided. Also, $942,645 (2015 $941,989) is accrued to the Seller of Digifona for the
Anti Dilution Clause.
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Item 11. Executive Compensation.
Name and Principal Position Year Salary ($) Bonus ($) Stock Awards
Price per Share
Stock Awards ($)
Option Awards ($)
All Other Compensation Total ($)
Dr. Colin Tucker 2016 $ 12,000 — — — — — — $ 12,000
Chairman 2015 $ 18,000 — — — — — — $ 18,000
Thomas Sawyer 2016 $ — — — — — — — $ —
Former Chairman 2015 $ 65,500 — 1,616,900 $ 0.12 $ 194,028 — — $ 259,528
Former Director
(Aug 2013 – Sep 2015)
Emil Malak 2016 $ 90,000 — — — — — — $ 90,000
CEO & Director 2015 — — 2,083,333 $ 0.12 $ 250,000 — — $ 250,000
Dennis Chang 2016 $ 24,000 — 500,000 $ 0.05 $ 15,000 — $ 12,000 $ 51,000
President / Director 2015 $ 24,000 — 1,633,333 $ 0.12 $ 196,000 — — $ 220,000
Edwin Candy 2016 $ 12,000 — — — — — — $ 12,000
Director 2015 $ 18,000 — — — — — — $ 18,000
Ryan L. Thomas 2016 $ — 100,000 $ 0.05 $ 5,000 — $ 198,068 $ 203,068
Director 2015 $ 22,975 — 562,519 $ 0.05 $ 51,386 — $ 22,975 $ 74,836
D. Barry Lee 2016 $ 60,000 — — — — $ 66,789 — $ 126,789
CFO 2015 — — 1,000,000 $ 0.05 $ 50,000 — — $ 50,000
(Sep 2015 to present)
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Gee, they work so hard for so little... I feel bad
