Carnegie Development Inc. (CDJM)

[Milesblue42]

Who-the-Hell-received-$360,000-with-ZERO-REVENUE?OMG



IMO this is very disturbing that a company that hasn't generated revenue for years and years could find $360,000 dollars in 2014 to pay someone a salary and then not have SEC Filings this year

Who is this employee we are paying for? I wonder why they didn't identify the employee?

NOTE 6: COMMITMENTS
As of January 2009, the Company entered into a three year employment agreement with an employee. The
agreement will renew for an additional three years at the end of the term, unless notification is given by
either party to terminate. The aggregate compensation to be paid under the agreement amounts to $360,000
per year. The agreement also provided for 50,000 shares of restricted common stock to be issued upon
signing the agreement. If the employee arrangement is terminated without cause by the Company, the
Company is under obligation to pay the employee, in lump sum cash within 10 days of termination, the
three times the annual base salary of the employee, plus the average for the last three annual incentive
bonuses actually paid to the executive. If the employment agreement is terminated with cause, the
Company has no liability for further payments.
Year Commitments
2012 $360,000
2013 $360,000
2014 $360,000

OMG was it Gary F Kimmons??? Is this why the name is not disclosed??? Or his Son Lance Kimmons?