Coretec Group Inc (CRTG)

[Clonefan]

Kraft is a part time CEO and collected $177,500 last year and brought in ZERO revenues! I guess he got paid a lot to post on FB and company Blog! I do want that job! I post on FB for free! LOL


From recent 10k:

The Company entered into a consulting agreement dated March 20, 2017 with Mr. Michael A. Kraft, who became the Company ’s
CEO. Under the terms of the agreement the Company agreed to compensate Mr. Kraft $1,500 per day for his commitment to allocate
seven days a month to the Company and a $25,000 bonus payable in the Company’s restricted stock upon the occurrence of certain events.

In addition, the Company agreed to issue to Mr. Kraft, an option to purchase up to $50,000 of the Company’s common stock at an exercise price equal to the market price as of the date on which certain milestones are completed. During the year ended December 31, 2017, the Company recognized $177,500 of expense under the terms of the agreement.