“So I am correct..
Kim may be getting a salary owed to him but is not getting paid as implied."
no...kim is deferring his salary and is paying himself by selling free shares he gave to himself..
"We are not suffering through the company diluting to pay a salary."
it wasn’t called suffering when it was happening...it was called a wonderful way to finance the company..
"There is nothing in the company worth the million he is owed.
If the company was to fail there is no million with interest to pay kim. The ONLY way Kim gets his back pay and interest and bonuses and all the other benifit is to succeed."
selling 100 mil free shares at average of .05 generates $5mill...id say kim has recovered any money owed to him several times over...so lets give up on the idea that kim is taking any kind of risk...theres no risk when you have already recovered money owed...any salary on the books listed as still owed to him is nothing but pure greed at this point..
"And Kim's 300m shares... Same thing.
They are worthless without success.
They may have a value in the millions at current prices but as you well know he couldnt sell 1/600th of those shares without crashing the pps and might get 20m sold before they were cellarboxed and his whole wad isnt worth $30k."
kim doesn't have 300 mil...he used to have 332 mil...he now has about 230 mil...he sold 100 mil shares...yet you still want to claim they are worthless and he couldn't possibly sell them...hes sold a ton of them and made about $5mil...so there goes that theory..
"Then of course there would be the fines and or jail time to pay for securities fraud which he would get busted for."
when did selling shares become illegal?...the fact that kim is not incarcerated shows you that it isn't...lol
"Kim's 300m shares were not given to him.
30 million were. 2 and a half years later when he forward split them he had that many."
seriously..do we really need to pretend theres a difference?..
"Yeah that is how Kim avoids paying his salary.
So?
Which is better? Kim sells his shares so he can defer salary or Kim increasing the OS every month for payroll and taxes?"
if kim is going to pay himself via the sales of free shares he gave to himself, I think it would be best if he put a damper on his avarice and forgave the debt heb thinks he is owed...because imo, he isn't owed anything..
"I think not diluting for pyroll taxes is a good thing."
I think not paying him for something he is not even owed is better...
"Yeah everything you are saying is true."
I know that..
"And not one scrap of it is crooked or deceitful in anyway which is constantly implied. "
I don't imply anything...if I thought it was illegal, I would say so...you wouldn't need to try to figure out if I am implying that...what I am saying is that it is greedy and stupid, complete bs and just wrong...but that is who the ceo is..never forget that..because if the company grows, so will his greed...this isn't a one time thing...this is who he is..
"And yeah I have looked and seen the 10k/q and have seen that kim has a salary and bonus program based on success."
wrong...he gets that salary, pay increase and bonus no matter what..
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