InvestorsHub Logo
Followers 377
Posts 17270
Boards Moderated 3
Alias Born 03/07/2014

Re: Pierrocks post# 10876

Wednesday, 08/13/2014 12:46:18 PM

Wednesday, August 13, 2014 12:46:18 PM

Post# of 106844
Just showing their share increase in holdings per the BONUSES they were given in the 10-Q filing. 5 MILLION shares for Comella and 10 MILLION for Tomas, the strike/grant price looks like about .026. That's all it is, nothing more.

And NO they didn't "sell them for $1 dollar" or anything.

Most recent 10-Q filing, PAGE 25:
"NOTE 13 — SUBSEQUENT EVENTS

Officer compensation

On July 28, 2014, the Company’s Board of Directors approved the 2014/2015 salary for Mike Tomas, Chief Executive Officer, at $525,000 per year, beginning July 1, 2014 with an incentive bonus ranging from $150,000 to $500,000. In addition, the Board of Directors will grant Mr. Tomas options to be determined on or before June 30, 2015. The Company’s Board of Directors approved a bonus of $500,000 and options to acquire 10,000,000 shares of the Company’s common stock for ten years with four year vesting and a cashless exercise provision at an exercise price equal to the five day average closing price of the Company’s common stock as of August 1, 2014. The cash bonus may be paid in the form a six month promissory note.

On July 28, 2014, the Company’s Board of Directors approved the 2014/2015 salary for Kristin Comella, Chief Scientific Officer, at $250,000 per year, beginning July 1, 2014 with an incentive bonus ranging from $100,000 to $300,000. In addition, the Board of Directors will grant Ms. Comella options to be determined on or before June 30, 2015. The Company’s Board of Directors approved a bonus of $300,000 and options to acquire 5,000,000 shares of the Company’s common stock for ten years with four year vesting and a cashless exercise provision at an exercise price equal to the five day average closing price of the Company’s common stock as of August 1, 2014. The cash bonus may be paid in the form a six month promissory note.
"

See the share count and the words "four year vesting"- that means 25% vested each yr, which is exactly what the Form 4 says. It's just an update to show their total holdings now. Nothing about anything being bought or sold, especially at $1 or whatever.