
Sunday, January 12, 2025 8:53:24 AM
"finally"????
The Scumbag CEO has been compensating himself from day 1. He has LITERALLY stuffed MILLIONS of $s of shareholders hard-earned money into his greedy little pockets.
His compensation for 2023 (the most recent year reported) was $867,081. His compensation for 2022 was $552,402. That is over $1.4M in just two years where the Douchbag did basically nothing for the company.
We will learn how much he stuffed into his pockets for 2024 in the next couple of months....
Wash, rinse, repeat....
<< after almost two decades of deferring pay >>
That is a bunch of BS.
It's a shell game. While he might "defer" SOME of his salary on the one hand, he charges the company compound interest and makes MILLIONS of $s off of that as well. And in 15+ years, there is still no commercial product.
According to the latest filings, he made over $333K in compound interest alone in the 1st 9 months of 2024 (which comes to about $450K for the entire year).
"As of September 30, 2024, and December 31, 2023, there was $3,013,256 and $2,680,236, respectively, included in accrued interest – related party, which includes interest on accrued salary and accrued expenses owed to the Company’s Chief Executive Officer."

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