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Thursday, October 10, 2019 9:27:28 AM
1. Paul has the option to take a salary or shares in lieu of salary. If he needed the cash to survive, he could always opt take the cash salary.
2. Assuming Paul was being selfless and selling his shares to build things to assist with the company, then there would be no need to have an $800,000+ General and Administrative Expense on the annual financials.
I certainly agree Paul needs some income to survive. Selling shares to achieve that does not provide the best optics, for him or the company.
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