Bravatek Solutions Inc (BVTK)

[4toSchool]

If "Tom is paid a salary of $12,500 per month" then why does $BVTK owe him $243,000 as of March, 2017? Because Tom is taking a note in lieu of cash. This is one reason I like this stock because Tom has a HUGE vested interest in making $BVTK successful so that he can be PAID.

Pursuant to Dr. Cellucci’s employment agreement, as amended, the Company currently accrues compensation of $12,500 per month for his services as CEO of the Company. The Company also accrues $1,500 a month to Dr. Cellucci as reimbursement for health and dental insurance costs. On March 27, 2015, Dr. Cellucci was granted a warrant to purchase 1,200 shares of the Company's common stock at a $750.00 per share exercise price, exercisable on a cashless basis, having a term of 5 years, and vested immediately on March 27, 2015. As of March 31, 2017, the Company owed Dr. Cellucci $243,000 (included in accounts payable, related party on the March 31, 2017, balance sheet presented herein) for the expensed but unpaid part of the above reported salary.

Go $BVTK