Thursday, June 23, 2016 8:57:15 AM
The 728K shares (originally 1.4B pre-split) he received as compensation for the last half dozen years (in lieu of cash)was returned to ESCU when the new team came on board.
So at the end of the day Kimmons, at his own volition, was not compensated via performance-based shares.
In addition the audited financials show he did not benefit significantly from EDWY's sale of shares to fund its operations.
So over the years he was not paid significant cash and did not sell any shares.
He left the company with an exciting new possibility, ESCU, that can be a real winner.
According to ESCU management Kimmons has no stock in ESCU and is not involved in any way. He is pursuing other ventures.
So my advice is to quit worrying about Kimmons. At this point ESCU is the last thing on his mind.
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