Tuesday, August 26, 2014 10:40:19 AM
Mr. Heddle has taken no salary since he assumed the CEO role.
As of the last filing he has funded the company with an additional $208,838.
So, in addition to the $3 million he has since provided approximately additionally another $550,000 and no been paid no other compensation.
It should be further noted the warrants associated with the $3 million in financing have an exercise price of $.54.
Further, the recently hired new CFO accepted one third of his salary in stock.
Also in 2014, John Bordynuik provided funding once again and has returned stock options to the company.
I am looking forward to the next business update. I am thinking it just might blow the roof off.
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