Oh it has been paid. That goes without saying. But there is a difference between having it in cash and having it owed. PL has been paid but has only collected a portion of the debt.
Just like there is a big difference between the PAN network paying for office space and Perry having his house paid for by shareholders. But the outcome is the same.
PL is now a debtor as well as an employee.
when money is converted from payroll to debt it is no longer payroll.
like you said its pretty clear in the filings. PL is no hero that is working for free out of the goodness of his heart. He is a penny stock scammer ceo who has his bases covered. He wont lose his assets when the doors close. That is all there really is to it. Tell me he did not have a clue what would happen when he signed the agreements that would dilute the share structure.... and try not to laugh when you say it.
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