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Friday, 05/27/2022 6:48:07 PM

Friday, May 27, 2022 6:48:07 PM

Post# of 62222
OXYMORON? CEO-Steve-Reinharz Salary-$2,048,850? vs Revenue-$1,447,109??

How is this Even possible? So much for patience huh?
Doesn't seem like he exercised any...

Is this how a CEO should treat AITX shareholders who buy their shares on the Open Market......???

https://www.marketwatch.com/press-release/10-k-artificial-intelligence-technology-solutions-inc-2022-05-27?mod=mw_quote_news_seemore

Total revenue for the year ended February 28, 2022 was $1.447,109, which represented an increase of $1,086,221 compared to total revenue of $360,888 for the year ended February 28, 2021. This large increase in direct sales totaling $798,114 is a result of unit sales which includes sales of new units totaling $688,180 with the remaining increase a result in higher training revenue. Rental activities increased by 95% as the Company continues to grow its product line and customer base.




Stock based compensation to CEO in equity awards was $2,048,850 fees with $109,200 paid to consultants all totaling $2,158,050 for the year ended February 28, 2022, compared with stock based compensation paid to lenders and consultants $362,084 for the prior year. This represents an increase of $1,795,966 in stock based compensation.

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