Sunday, July 31, 2022 4:41:35 PM
Here are responses to your questions..
Oh, so the audited financials that he signed are wrong?
What I know for sure is the actual financial reports (Income Statement, Balance Sheet, etc.) are a much more accurate source than some footnote. And the accrued compensation on the financial statements does not reflect what the footnote says.
And you don’t see a problem with shares given to someone and possibly sold right before stock takes a dive!! To me it looks like he saw the writing on the wall and wanted someone (maybe even himself) to put some $ in their pockets!
Not in the least do I care that he gifted his OWN shares. He could have as easily issued new shares or even taken out more toxic loans. And my understanding is those shares were restricted and I do not believe have been sold. My theory is he gave those shares to people he wanted to reward and expected the value of those shares to be much much higher than gifted price. That could still end up being the case or they could go worthless at this point given the current situation.
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