Here are the beginning steps of the CEO corrective action plan, for remaining 2Q24, since yet another quarter has been largely squandered, without any improved shareholder value, AGAIN:
1) Now that he returned the ridiculous $700K personal loan (assuming 2Q24 financial report confirms), for the phantom “expenses”, supposedly paid by him, that are not backed up by the Balance Sheet, he should NEVER mention the phantom expenses again.
2) Return the extra 95.5 Million shares he gifted to himself (or grifted for himself) in 03/28/23 transaction. He was legitimately owed 4.5 Million for compensation principal and interest ($118K), but nothing else, especially when his near-total lack of performance and return for shareholders is factored in.
3) Revise the financial report section 4) Issuer’s Business, Products and Services, and any other affected sections, as per regulatory requirements and fiduciary responsibility to shareholders, to document what is ACTUALLY going on in the company, the little that there is, and not be insultingly, infuriatingly, and totally 3-7 years out of date.
4) Announce officially (correctly this time) where the state licensing stands. Is it ONLY 10 states as per the financial reports for the last four quarters or is it 11 states as per 3/2/23 PR, and then 14 states as per 10/24/23 PR? Then re-issue financial reports or issue clarifying PR, as required to correct the record or define current status.
5) Renounce that totally UNDESERVED, INSULTING employment agreement clause he gifted himself with (bonus of 30% of any revenue generated from contracts he brings into the company for the first $1,000,000 in any fiscal year, or a bonus of 40% of any revenue generated from contract he brings into the company over $2,000,000 in any fiscal year (NOT THAT HE CAN CLOSE A DEAL ANYWAY)), for basically just doing his job, which he is already compensated for.
6) Commit to only rewarding himself for actual business results for the company and shareholders, and in an amount commensurate with reasonable and customary (like the following clause: If the stock price reaches $1.00, CEO shall receive an additional one-time bonus of 20,000,000 shares of common stock.)
7) Commit to timely, accurate, complete reporting of information to shareholders, via financial reports and PRs, including close out of failed ventures.
8) Find competent sales people POST HASTE and FINALLY begin to close deals and add SIGNIFICANT value for shareholders, instead of pumping “imminent deals” that never happen, and are never heard from again, as he has been doing for more than half a decade.
9) Do his job for the company and shareholders!
