Wednesday, September 10, 2014 10:51:48 AM
Frank Yglesias owns 10% of the companies Class A stock. His compensation agreement is a 5 year contract is $125,000 a year and a 2% bonus based on annual sales.
Do you know how that is paid when the company is not generating a positive net income? Diluting stock. These guys will get paid before any of you do.
Does it not strike anyone odd that Robert Rico, Frank Yglesias and Haim Yeffet own 80% of all Class A shares, all live in or nearby to Miami, FL and yet the original company was supposedly based in Burbank, CA? Frank did this previously when his Chinese wine company was said to be based in Las Vegas, NV; which was proved to be a lie.
Review the companies CPA and associated companies.
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