In the accounting world, that mean when they take company into bankruptcy, they will be able to collect on payroll he had declared and not received, once the assests are up for sale. When a company goes bankrupt and assets are sold off, right after lawyers getting paid, unpaid payroll gets paid. These are the bankrupcy laws. What was designed for employees, they are making sure they take full advantage of. After all they are employees of the company also.
Who ever knows who the SEC investigator are, please email koko23 posting and my response. SEC should be made aware of these executive salaries and the games they are playing, when there are no revenues, it's clearly an attempt to defraud the stock holders after they take company into bankruptcy (but then what do I know? I'm just as an accountant who took business law in college can see what may happen).
