So Gary asked himself for 25 Million common shares and $48 000 salary yearly for 2020-24
How does everyone feel about this? Company already had Outstanding almost maxed after dilution and warrants as far as we know... haven’t seen last years financials yet on the verge of SEC possibly cracking down hard on this company (Halt, Suspension, Grey sheets).
How has he done for us shareholders?
Opinions?
On January 1, 2020, the Company entered into a four-year employment agreement with Gary, J. Grieco, its President and CEO, whereby Mr. Grieco will receive $48,000 per year commencing April 1, 2020, and receive 15,000,000 shares of the Company’s common stock for services to the Company as its President and CEO. In addition, once monthly revenue exceeds monthly expenses the salary will be increased and Mr. Grieco will be issued an additional 10,000,000 shares of the Company’s common stock. The employment agreement begins on January 1, 2020, and is automatically renewable for two years unless terminated earlier as per the terms of the agreement.
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