Saturday, October 10, 2015 3:28:27 AM
As for people saying he got millions of dollars goes, this is not true. If you read the filings the company borrowed and paid back in stock about 400k over 4 years. If go on to read, that's just enough to pay for filing fees. It's all there in the public records.
The records show the CEO has not taken a salary ever.
Lastly, the CEO has not registered to sell any shares in the last 6 years. When he changed preferred shares to common that did not clear them for sale.
Based on all of this, the fact they could only raise enough to pay for filing fees to stay public, I don't see them having any money to run the business. There is no way any CEO can run a company with no money. On top of that he has not been paid ever.
I'm surprised he did not just walk away.
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