Thank you again for your thorough research on my question on bonuses/share printing to employees.
The reason why I raised this, is to study COE ethics and also I am trying to raise evidence towards the claims about this being a scam.
Now, the findings makes us conclude that the shares are a source of income and in theory its possible to run this company without real operation.
It also shows me that despite lack of real profits (not write-ups by D&B valuations, booked inventory increase of products with questionable selling value), that the CEO (who by himself at any time can print whatever amount he wants of shares), does not have the right ethic compass. The 1,2 mill shares they awarded to themselves are worth $ 32.400.000,- in booked equity.
They tell us that the company is absurdly undervalued, due to $27/share of book value. Well, that suddenly doesn't apply if we claim they took $ 32.400.000 of value in their bonus program.
And why did they change it into a fixed $-value for the CEO? Were they expecting the shareprice to fall? Would they do this if they expexted real $27/share valueation? With the consequence to reduce number of bonusshares by 80-90%?
You get my drift.
