![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, May 02, 2024 5:12:31 AM
There’s more to this company than just the scanners!!!
Yes there is, a lying lowlife CEO running a company for years with no sales or earnings, selling very close to the lowest closing stock price in history,and has not communicated with stockholders for appox. 2 years.
This is who shareholders of VXIT CEO James Katzaroff are dealing with:
http://www.clippercorporatepartners.com/2019/02/vivos-slays-dragon-initially-posted.html
(former company he was the CEO with.)
"Unfortunately, the company's future had been mortgaged through toxic debt. The toxic debt was piled onto the company by former CEO, James Katzaroff, almost exclusively to pay the salaries of his wife and himself, as well as take a bunch of pointless and expensive trips to places like Russia, albeit purportedly for the company's benefit, but to no avail. The Katzaroffs had taken as much as a million dollars out of Vivos over the final few years of Jim's tenure as CEO.
Under Jim Katzaroff, the company made very little progress while having its viability placed into jeopardy, all in the name of a paycheck. Katzaroff could have raised money under more responsible terms, but taking on toxic debt was easier and the simpler route to ensure he and his wife got paid. Toxic borrowing is almost always for the benefit of management, so that they are ensured that their pockets are lined--under the guise of salary and usually for doing nothing--without regard to the retail shareholder.
In short, Katzaroff was in breach of his fiduciary duties to Vivos"
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM