Guided Therapeutics Inc (GTHP)

[GetSeriousOK]

"The CEO don't [sic] have any stake?"

During the quarter ended September 30, 2018, the Company entered into an exchange agreement dated July 14, 2018, Dr Faupel, agreed to exchange outstanding amounts due to him for loans, interest, bonus, salary and vacation pay in the amount of $661,000 for a $207,000 promissory note dated September 4, 2018. As a result of the exchange agreement, the Company recorded a gain for extinguishment of debt of $199,000 and a capital contribution of $235,000 during the year ended December 31, 2018. In the July 20, 2018 exchange agreement, Dr, Cartwright, agreed to exchange outstanding amounts due to him for loans, interest, bonus, salary and vacation pay in the amount of $1,621,000 for a $319,000 promissory note dated September 4, 2018. As a result of the exchange agreement, the Company recorded a gain for extinguishment of debt of $840,000 and a capital contribution of $432,000 during the year ended December 31, 2018.

The CEO forgave 1.2 million in debt owed him by this company. Furthermore, this CEO and COO have elected to work for FREE - they have waived their salaries since 2017. I repeat -- they work for YOU, the shareholder, for FREE.

Compare that to the amount you apparently lost.