Saturday, January 17, 2015 5:02:27 PM
You clearly don't understand.
Insiders may not be selling. They don't need to. They earn ridiculous salaries. The CEO earned total cash compensation of $518,029 in 2013. That's more than 1/7th of the total revenue of this company with no profits. He doesn't want any stock. The stock is worthless, and becoming increasingly worthless every day. He wants half a million in cash. Every. Single. Year.
So, to do this, to cover his salary, and those of his family and friends who also draw salaries, the company issues new shares (diluting your shares) and sells them, at a discount, with warrant coverage that further dilutes your shares.
Now, they have realized they have too many shares out, and too low a share price, but they want/need to issue more, so they are going to do a reverse split, screwing you directly, so they can issue more shares, and keep paying themselves an absurd salary.
Ask your self this: what has the CEO done to earn a $50,000 salary? Let alone one 10 times that large.
The answer is not one damn thing.
Recent CIRX News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 07:37:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:12:01 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 06:47:40 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 08:14:48 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 10:10:13 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM