Xun Energy, Inc. (fka XNRG)

[Carsmax177]

Executives salaries are being accrued. Per response on the company forum (response #33):

"The Board has not recently considered a reduction in the compensation of the Executives. As disclosed in our 10-K, the salaries of the Executives is accrued. There is no cash paid to the Executives. Cutting back the accruals has no impact on the cash flow and will have no impact or any benefit to the Company other than lower the operating deficit. The Company must accrue salaries for its employees including Executives as a requirement of US GAAP and FASB. The salaries accrued must to comparable to the industry that the Company is involved in. Our salaries accrued are below the average for a comparable company in the development stage of oil and gas industry."

http://forum.xunenergy.com/default.aspx?g=posts&t=4640#post5918