Endexx Corp (EDXC)

[neverenough44]

If you read a little deeper into the quarterly report you will see this gem... not surprised to see Todd taking care of himself at the expense of shareholders.

On October 1, 2016, our President and Chief Executive officer converted $1,157,500 of accrued
salary and $123,825 in accrued payroll taxes for a total of $1,281,325 in to a long term note payable
bearing an interest rate of seven percent (7%) per annum, and with a maturity date of October 1,
2018. The note is convertible in shares of our common stock at a rate of $0.027 per share.


So this means that the shareholders are going to be paying him $90k a year in interest on top of his already ridiculous salary. And then he will have the option to convert the note into almost 50 million shares!