Since the closing of the merger, there have been steady blocks of 100K to 200K sell orders in PAWS. Intuition says Daniel and Alysa have been selling steadily. I for one wish they would wait to sell until we reach the true value of this stock but I guess they need to pay bills!
On March 26, 2013, the Company issued 60,000,000 Common Stock shares to Daniel Wiesel and Alysa Binder, both officers and directors of the Company, pursuant to the exemption provided by Section 4(2) of the Securities Act of 1933. The shares were issued in consideration of the cancellation of accrued, yet unpaid wages in the amount of $1,300,000 and the agreement by The Watermark Company, Inc., a corporation controlled by the Daniel Wiesel and Alysa Binder, to purchase the Company’s interest in Pet Airways, Inc., a Florida corporation through which the Company formerly operated its discontinued pet airline. The sale of Pet Airways, Inc. relieves the Company of debts totaling approximately $1,000,000. The Company had agreed, in principle, to allow Mr. Wiesel and Ms. Binder to reacquire Pet Airways and settle their outstanding unpaid wages as soon as the acquisition of PDC/MESA was complete.
In addition, on May 28, 2014, the majority of board of directors of resolved to remove Daniel Wiesel from all executive positions, including but not limited to Chief Executive officer, President, Treasurer and Chief Executive Officer, and as the Chairman of the Board of Directors. On the same date, the Board of Directors also resolved to remove Alysa Binder from all executive positions, including but not limited to Executive VP and Secretary. However, Mr. Wiesel and Ms. Binder shall still remain as members of the board until their successors are duly elected and qualified, unless sooner displaced.
