VirExit Technologies Inc (VXIT)

[Edward]

he gets fined $30,000. Please explain to me how that makes any sense.

No, he didn't get fined 30k. It was $145,000 in total.

The facts are the lawsuit were filed against both of the two companies involved that he is the CEO of:

The Company was assessed a $30,000 fine and James Katzaroff was fined $60,000. for VXIT and $30,000 and $25,000 for the other company He is a CEO of for a total of $145,000 (see below).

FROM the court document:


"IT IS FURTHER ORDERED that Respondent James Katzaroff shall be liable for and pay a fine in the amount of $60,000.
IT IS FURTHER ORDERED that Respondent VirExit Technologies, Inc. shall be liable for and pay a fine in the amount of $30,000.
IT IS FURTHER ORDERED that Respondent Globestar Therapeutics Corporation shall be liable for and pay a fine in the amount of $30,000.
IT IS FURTHER ORDERED that Respondents James Katzaroff, VirExit Technologies, Inc., and Globestar Therapeutics Corporation shall be liable for and pay costs in the amount of $25,000."