8-K in a nutshell: 1.He issued shares to himself OVER the current value-he believes the current PPS is UNDERVALUED. 2. Voting rights--he wants to retain control--no buyout or others telling him whats RIGHT for the co--THATS GOOD.
In regards to payment IF something goes sour--He wants to be compensated for his efforts--NOTHING WRONG WITH THAT! Mr. Sheppard--shareholders SUPPORT YOU! VERY GOOD 8-K IMO
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.