"how many have been cashed in since then?"
Good question...and it was Tilden, Schatz and Stillwaugh as well as Murtaugh/Sand with the same sweet agreement with SIML?? SIML has had no income from sales since 2016 to even begin to pay anything against those accrued obligations?? (maybe they used some of the cash they got from selling more convertible notes... but no one really knows).
So lets assume they are all still unpaid and now being swapped for free trading shares? Could take years to dump what's left from that nonsense at the current (or lower) PPS LOL. By then the new CBD extraction machines may not work as promised and the business fails...but hey, it's not against the law to fail at business.
From the 10K
12. COMMITMENTS
"On March 10, 2016, the Company entered into a Consulting Agreement with its newly appointed President, Chief Executive Officer and Secretary, Gary Tilden. The Consulting Agreement is for a term of two (2) years, and shall automatically renew for successive periods of one (1) year each, unless either party shall have given to the other at least sixty (60) days’ prior written notice of their intention not to renew. Mr. Tilden will receive an annual salary of $125,000 to be paid on a monthly basis at $10,417 per month commencing on April 1, 2016.
On March 10, 2016, the Company entered into a Consulting Agreement with its newly appointed Treasurer, Chief Operations Officer and Director, Mike Schatz. The Consulting Agreement is for a term of two (2) years, and shall automatically renew for successive periods of one (1) year each, unless either party shall have given to the other at least sixty (60) days’ prior written notice of their intention not to renew. Mr. Schatz will receive an annual salary of $125,000 to be paid on a monthly basis at $10,417 per month commencing on April 1, 2016.
On March 10, 2016, the Company entered into a Consulting Agreement with its newly appointed Chairman of the Board, Robert Stillwaugh. The Consulting Agreement is for a term of two (2) years, and shall automatically renew for successive periods of one (1) year each, unless either party shall have given to the other at least sixty (60) days’ prior written notice of their intention not to renew. Mr. Stillwaugh will receive an annual salary of $125,000 to be paid on a monthly basis at $10,417 per month commencing on April 1, 2016.
On March 10, 2016, the Company entered into a Consulting Agreement with its newly appointed Advisory Board Member, D.M. Murtaugh. The Consulting Agreement is for a term of two (2) years, and shall automatically renew for successive periods of one (1) year each, unless either party shall have given to the other at least sixty (60) days’ prior written notice of their intention not to renew. Ms. Murtaugh will receive an annual salary of $125,000 to be paid on a monthly basis at $10,417 per month commencing on April 1, 2016."
A change of management does not remove corporate obligations?
GLTA and JMO
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