What "money coming in" ?
VTNL has made $971 in sales so far this year, and will now pay their CFO an extra $45,000.
Here is what Sam Berry made (from money borrowed on behalf of VTNL hapless shareholders) last year`:
Mr. Samuel Berry, Director
On June 19, 2017, the Company entered into a Consulting Agreement with Mr. Samuel Berry. Mr. Berry will receive an annual salary of $50,000, payable in quarterly installments at $12,500 per quarter.
On June 19, 2017 the Board of Directors appointed Mr. Samuel Berry as Director. For accepting the position of Director, Mr. Berry will receive 1,000,000 Shares of the Company’s Common Stock, valued at $0.05 per share. Additionally, Mr. Berry will be paid $500 for each board meeting for which he is physically present.
The Company recorded $50,000 in respect to the value of 1,000,000 unissued shares as liabilities for unissued shares and expensed $50,000 as stock-based compensation as part of consulting expenses in the period ended June 30, 2017. As of the date of this report, the shares have not been issued.
On October 15, 2017, the Board of Directors of the Company approved the issuance of 75,000,000 restricted common shares at a price of $0.00067 to Samuel Berry to satisfy consulting fees of $50,000, pursuant his agreement dated June 19, 2017. The shares were issued on November 13, 2017 and were valued at $1,200,000, or $0.016 per share based on the market value on the date the shares were approved for issuance, and $1,150,000 was recorded as a loss on settlement of debt on the statement of operations.
On June 19, 2018, the Company agreed to renew the Consulting Agreement dated June 19, 2017 for one year.
So, Sam will receive $45K as CFO on top of $50K as "consultant", plus various bonuses,
for helping the VTNL lose $4,500,000 last year ?
That's a dream job !
