Flexpower Inc. (FLXP)

[PayDirt!]

Who knows if he has them already or not.


2-27-2007Cash Now Corporation (CHNW.PK) http://www.cashnow.com (Cash Now), announces that key executives CEO Garr Winters and Richard Sciacchetano, Cash Now's advisor and project manager of the Forex product, have agreed to be compensated primarily in Company stock. Each executive will receive $1.00 in Cash, in lieu of regular salary, plus shares of common stock in the Company commensurate with performance and meeting certain pre-defined business milestones.


2-28-2007Winters added "I would also want to clarify that further to our announcement of February 27th, compensation of both Richard Sciacchetano and myself will be made in the form of restricted class 144 stock in lieu of salary. As noted at that time, the amount of stock issued will be commensurate with the achievement of business milestones and performance of the corporation. As such, senior management will be very focused on creating long-term value for our shareholders, particularly in light of the fact that our compensation will be directly affected by the long-term performance of the Company and its stock value".


4-18-2007My compensation, as well as other senior management, is tied to long term performance via restricted shares. Our goal line is still nine months + away, and by that time, we expect to have a rock solid Company with several complimentary revenue streams and bottom line profitability.


from a PR on May 25th....
To clarify;

There are 11 billion shares of authorized stock.
Approximately 6 billion shares have been issued.
Management holds roughly 2 billion shares.
There are roughly an additional 2 billion shares that are restricted.
The remaining 2 billion shares that comprise the float.

PR on May 3rd...
Members of management were issued restricted common stock.

06.22.07
Executive Compensation
Senior management was issued restricted stock in early March of this year. The amount of stock was a negotiated amount, that reflected the stock price at the time and the value of the employees services for the upcoming year.The risk / reward aspect of this compensation was to allow executives to benefit from the business success they created, as reflected in the stock price at the point in time when the shares could be traded.
To issue shares on a monthly basis at the current valuations at the time would be counter-productive, effectively eliminating the upside reward for good performance. In other words, as the stock rose, they would receive fewer shares each month, limiting the incentive aspect of creating value for all shareholders.[/I]
We also believe it would be unfair to ask executives to forego cash compensation for an extended period of time, and limit the upside reward potential.
It is inappropriate to disclose the actual compensation of participating executives. The participating executives have the expectation and right to privacy. Negotiations were confidential, and will only be reported to the extent required by the SEC



07.20.07
Management Stock Compensation
Posted in Uncategorized, Investor Relations at 4:04 pm by Andrew Edwards
QUESTION:
You’ve said management has been already paid this year’s salary in restricted shares. Are these shares the same as open market shares (only restricted) or are they from preferred stock shares and when is the restriction over on these shares?
RESPONSE:
These are Rule 144 shares. This is the same as common stock, but subject to strict trading rules. Generally, Rule 144 stock will become available for trading after 1 year. After the one-year holding period, the number of shares you may sell during any three-month period can’t exceed 1% of the outstanding shares of the same class being sold.


8-13-2007, TH..The original intention wat to tie senior management’s compensation to the performance of the stock, via issuing restricted stock at the beginning of this year. There are no planned changes, as the original underlying logic remains the same. The incentive to increase the price per share is just as valid now as when the shares were issued