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Friday, March 15, 2019 8:41:01 PM
Note 11 – Related Party Transactions
In addition to the related party transactions detailed in Note 4 above, the Company paid its Officers and Directors cash compensation totaling $41,000 and $358,774 and $136,131 and $401,739 for the three and nine month periods ended September 30, 2018 and 2017, respectively. The Company also paid its Officers and Directors non-cash compensation in the form of shares of common stock valued at $171,000 and $336,000 and $600,300 and $336,000 during the three and nine month periods ended September 30, 2018 and 2017, respectively. For the nine month period ended September 30, 2018, the Company expensed an additional $600,300 in compensation to the directors in exchange for 81,000,000 shares of the Company’s Common Stock issued in June 2018, valued at $0.0053 per share, or $429,300 and 114,000,000 shares of $0.001 par value common stock issued in August 2018 valued at $0.0015 per share or $171,000. Stock issued for executive compensation is valued at the closing price on the date of issuance.
DOES ANYONE THINK THEY DESERVE THAT KIND OF MONEY??? WHAT HAVE THEY DONE?
SCAAAAAAAAAAAAAAAAM.
REVIEW HOW MUCH THE FAILED S-1 FILING COSTED. PLEASE IS AN INCREDIBLE JOKE.
SBFM = SCAM
ALL IMO.
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