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Re: None

Saturday, 12/08/2018 8:29:16 AM

Saturday, December 08, 2018 8:29:16 AM

Post# of 130715
Only mention of bonuses in the 10Q is this:

Performance Bonus Payable
In 2016, the Board of Directors authorized the Company to provide a performance bonus of up to 3% of the capital stock of the Company by way of the issuance of Rule 144 restricted common shares from its treasury to an as yet undetermined group of related and non-related parties upon the successful completion of a sale of the Company or a major licensing transaction, defined as a bonusable event. In order to provide maximum flexibility to the Company with respect to determining what constitutes such a bonusable event, the level of Performance Bonus payable, and who may qualify to receive a pro-rata share of such a Performance Bonus, the Company authorized full discretion to the Board in making such determinations. Since the Performance Bonus is only available upon the sale of the Company or a major licensing event, this potential transaction would not have a material impact on the Company’s financial position, revenues or expenses, results of operations, liquidity or capital expenditures.

During the nine-month period ended June 30, 2018, the board of directors authorized the increase of the Performance Bonus to up to 10% of the capital stock of the Company.


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