Mccping
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Just read the full filing and now I am wondering why the last accountants were replaced are there more material representations recently? Sounds like the value and financials today are accurate assuming there's nothing in them we do not know about.The event happened over a three quarter periond and got corrected in the fourth quarter of 2013. The whole misstatement is how he started this company why overstate there was nothing in the shell trading company before the aquasition?
I don't think Mona has anything to do with it the company needs leadership that isn't greedy and cares about growing the company. Everyone getting on here stating they don't care what management makes is crazy. Why was the 15 mil paid out before the milestone we need that answered.
The bigger question to me if what will the company have to pay I really don't care about Mona he has been milking this big time. They have a good product that put in the right hands could be successful. I thought when the pulled from Perlowin they had some credibility guess I was wrong. They whole billion dollar market cap was bs and everyone knew that but this company has potential.
Micro there's another question for ya is Mona jr a crook?
Is this real?
WTF is that $10,000 penalty? Anyone see this coming?
Did anyone listen to Dowling at 11:30 today if so anything new?
Has anyone received their proxy?
It's the reverse split bullshit kills any support is 1-5 or 1-50?
New product and it's down another 5%
Stocks in the toilet and they are going to do another show? How about something with substance!
Bud some of the best products and ideas never got off the ground because of poor execution, leadership or greed.
1-50 may not be enough to get it to 1$ the way it's going
I agree with you 100%
read # 10070
I think he will be back
I saw that post but have not been pm'd. Has something been done because of it.
Why do you say that?
Their handing out shares like they are McDonald fries.
Does anyone know what the authorized number of shares will be after the split? Looks like they 20 mil left at this point.
They have 16.49 % of the shares.
Name and Address Number of Shares Percent of
of Beneficial Owner (1) of Common Stock Common Stock
Beneficially Owned (2) Beneficially Owned
Mai Dun Limited (3) 5,463,162 6.14%
Mackay Ventures, LLC (4) 6,027,094 6.78%
Michael Mona III (5) 3,627,124 3.99%
Joseph Dowling (6) 983,332 1.09%
Michael Mona, Jr (7) 7,700,000 7.97%
Bart Mackay (8) 6,256,726 7.03%
James McNulty (9) 3,049,999 3.42%
Gary Sligar (10) 149,999 *
Stephen Schmitz (11) 956,000 1.08%
All executive officers and directors as a group (six persons) 16,466,454 16.49%
I think this is pretty clear $4,379,627 in compensation for management.
SummaryCompensation Table
Name and Principal Position
Fiscal
Year
Salary
($)
Bonus
($)
Stock
Awards
($) (1)
Option
Awards
($) (2)
Non-Equity
Incentive Plan
Compensation
($)(3)
Nonqualified
Deferred
Compensation
($)
All Other
Compensation
($) (4) Total ($)
Michael MonaJr. 2016 $ 314,808 $ 20,000 $ – $ – $ 485,442 $ – $ 47,560 $ 867,810
Chairman, CEO 2015 $ 300,000 $ 15,000 $ – $ 790,740 $ – $ – $ – $ 1,105,740
Michael MonaIII 2016 $ 202,212 $ 20,000 $ – $ – $ 314,710 $ – $ 37,915 $ 574,837
Chief Operating Of icer 2015 $ 180,000 $ 15,000 $ 590,000 $ 183,959 $ – $ – $ – $ 968,959
Joseph Dowling 2016 $ 262,340 $ 20,000 $ – $ – $ 98,745 $ – $ 10,500 $ 391,585
Chief Financial Of icer and Secretary 2015 $ 215,384 $ 15,000 $ – $ 240,339 $ – $ – $ – $ 470,723
The spread in the split options is huge their not even giving you the split way to shaky.
I'm not buying it guess we will get to see how it plays out.
Have your ever been involved with a reverse split on a penny stock?
Can you issue yourself more options?
This company had about 32 mil outstanding when I got in. Who made the Iliad deals? They are awful look at the compensation and stock options there is no regard for the common. If you don't think they are going to dilute more your crazy.
The meeting being in Vegas is certainly appropriate the only one that wins is the house. The common get screwed out of the shares big time.
So what is it 1-5 or 1-50. Talk about an open raping do they get you 5 times or 50 times? The only reason this stock is 30 cents is management.
Go look at the stock split page and read the bottom.What a fricking joke!
I going to read the 100 pages tomorrow.
I am as well but it won't matter they have control.
This management team is taking very large salaries for a start up company while giving themselves a huge amount of shares for limited milestones. They will dilute and reverse while giving themselves more shares every step of the way. They can either screw the little guy or partner with a big pharma. I have lost a lot of respect for management.
This thing is not getting up listed they reverse the stock drops if there was any confidence in these guys the stock price would be higher right now.
So they can screw the common then issue themselves more shares? These guys go to Trump U.
I've never seen a reverse worded like this not sure what means? Most are straight forwarded reversed.
They are doing such a great job they gone 26,000 buys! It doesn't matter how we vote they control this thing loosing all confidence right about now.
You want to explain this:
To approve an amendment to the Company’s Certificate of Incorporation, as amended, to effect, at the discretion of the Company’s Board of Directors, a reverse stock split of all outstanding shares of the Company’s common stock, par value $0.0001 per share, at a ratio of not less than 1-for-5 and not greater than 1-for-50, such ratio to be determined by the Company’s Board of Directors at any time before June 30, 2018, without further approval or authorization of our stockholders;
OK I'll bite whats the 23rd? The IND is the 15th.
Looks like there is zero interest in this stock right now!
That's more than I found but who are the companies he has worked with?
Can anyone find much on this guy?