During November 2006, the Company accepted a loan from Mr. Peter Matousak for $15,000. The proceeds were paid directly to NewsUSA, a North American news media service, on the Company’s behalf representing a payment on the Company’s media contract. In the agreement with Mr. Matousak the Company Board of Directors approved to issue Matousak 500,000 shares of Company stock with piggy back registration rights and to be issued pending shareholders approval of the proxy to increase the Company’s authorized shares and change the Company name. During September 2008, the Company issued these restricted shares to Mr. Matousak as per the agreement.
So, knowing Peter Matousek as a very honorable man, whom at this time (Sept 2008) had just returned from serving the country he loves and respects with a 9 month tour of duty in Iraq, Sheridan finally issued him stock for the $15,000 he loaned the company 2 years earlier...
Do you know that Sheridan had the balls to pay him back for his $15,000 TWO year old loan with stock worth about $1000. That was at $.0002 a share. According to the records I am looking at, the BID was really about hlf that!!!!!!
I for one, would be screaming at Sheridan if he tried to pull that on me!!!! He is a DISGRACE and should be ASHAMED OF HIMSELF!!!! HE NEEDS TO STEP DOWN IMMEDIATELY AND LET SOMEONG CAPABLE RUN THE COMPANY THAT HE JUST TAKES ALL THE CASH FROM....
SHERIDAN IS A JOKE OF A CEO...A WANNA BE KID THAT HAS RIPPED OFF EVEN THOSE THAT BELEIVED IN HIM AND PUT CASH DIRECTLY IN TO HELP THE COMPANY....VERY SAD!!!!
