Wednesday, April 13, 2016 8:07:00 AM
(iv) Fourth Quarter 2015:
Two transactions were approved by the board of director to settle the services of Alan Bailey and Richard Gilbert.
On October 8, 2015 7,750,000 common shares issued, being 2,750,000 common shares in past settlement of unpaid professional fees and 5,000,000 common shares to Richard Gilbert in recognition for his services as Director and Executive Vice President, Sales and Business Development
To your point Admiral, it appears neither has elected to sell at this point; unless that 2.1M BID whack represents some of the above. Other than that, we've been adrift in terms of any REAL trading volume, for quite some time.
I also look at it this way, the company wouldn't have had to issue as many shares as it did, if realistic, concerted efforts were being made all along to increase pps - IMO:)
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