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Friday, February 23, 2018 12:50:11 AM
At December 31, 2017 and March 31, 2017, $210,886 and $195,657 of compensation due is included in accounts payable – related party, respectively and $32,600 for 2,000,000 shares of common stock due is included in share subscriptions payable, respectively.
This would imply that PT is deferring at least some of his monthly salary and shares. If you believe his Form 4's, he has not cashed in 2 million shares a quarter, even though the company issues that to him.
Yes, he pulls down a pretty incredible salary and bonuses for a one-man company that has produced zero revenue, but at least he is deferring some of it. Of course, he is getting other perks.....rental on his yard and office, travel expenses, etc. And I bet his tinkering in the shop is all paid for as well.
Do your own research, use third-party sources, and don't buy into the hype.
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