Medizone Intl. (fka MZEIQ)

[fcmboca]

Gelati the answer is quite simple.

David Dodd had invested his own money and purchased 1 million shares at the time he joined the company so there could be some funds to operate with. He was granted an option for 1 million shares by the Board to join the company, which he gave back to the company as part of the financing agreement to minimize dilution.

Dodd and his people were not taking any pay as they were trying to save the company.

He then convinced several of his former business associates to join him to work for Medizone to get the company going as he saw that there was a lot of potential for AsepticSure and together they arranged for financing and the S 1 offering to generate funding for them to move forward. THEN the Marshalls and their co-conspirators pulled the rug out from under them as the institutional investors backed out so they had no choice to file the Chapter 7.

The Marshalls had been bilking the company for years as they never created any revenues but continued to pay themselves with yours and the other investors money. you kept buying shares and they kept taking your money for themselves and to pay Shannon.

I am guessing you never read my prior post with the documentation that the Marshalls were using the company for their own piggy bank.