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Friday, December 20, 2019 9:02:05 AM
https://www.otcmarkets.com/stock/BYOC/security
Verified Profile 12/2019
Transfer Agent Verified
"Two Independent Directors"
Why is this important? Legitimacy
Basically shows they are dotting i's and crossing t's, making sure they are compliant to standards and corporate governance.
Here is what OTCmarkets defines for independent directors
An Independent Director, as defined within the OTCQX Rules and the OTCQB Standards, means a person other than an executive officer or employee of a company or any other person having a relationship which, in the opinion of the company's board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. The following persons are not be considered independent:
(1) a director who is, or at any time during the past three years was, employed by the company;
(2) a director who accepted or has a family member who accepted any compensation from the company in excess of $120,000 during any fiscal year within the three years preceding the determination of independence, other than compensation for board or board committee service; compensation paid to a family member who is an employee (other than an executive officer) of the company; or benefits under a tax-qualified retirement plan, or non-discretionary compensation; or
(3) A director who is the family member of a person who is, or at any time during the past three years was, employed by the company as an executive office
My thoughts/opinions are my own, based on research & DD, best to find your own! I invest for myself/ family 1st, then everybody else.. the same as any business!
Please do not buy, sell, hold based on my opinion!
Recent BYOC News
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Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM