American Fusion Inc (AMFN)

[BigBadWolf]

This makes them NOT independent

Now that's factually true under both SEC and major exchange (NYSE/NASDAQ) listing standards. Regs/Rules governing said clearly state to be considered independent, a director cannot receive any compensatory fees from the company other than those for board service. All listed breach said Rule by having signed Consulting Agreements

3.COMPENSATION TO CONSULTANT

for $240,000 in stock, as these individuals are being paid as contractors/consultants, not just as independent overseers. The Conflict arises the moment a director has a separate consulting contract worth nearly a quarter-million dollars, their independence is legally compromised. They have a direct financial incentive to approve management’s actions to ensure their own stock-based compensation is issued and remains valuable.