becuase i don't buy penny stocks as I was lured into this thing from a friend who truly believed in this comopany and was recruited by Royce as a major hitter and investor. Aside from that I have no interest in the penny stock market. I do not mind losing but I hate to be swindled. My group and friends were
assured of no dilution and at that point we owned approx 38% of the float and didn't relaize that this was one big LIE. Royce
acting as the only board member, President and secretary awarded himself preferred shares and absolute volting rights and also
awarded himself additional stock for him, his son and sone others in exchange for salaries they claimed they were owed. The real answer lies in the fact if they reported that to the IRS but the law is very clear about receiving salaries you never get. You still have to pay tax if due and declare on your personal return
if you want to receive stock or other compensation in lieu of
taking your salary. I doubt if he reported 500,000-1,000,000 owed to him by the company as he alleges. It will unfold in the future when this thing comes to a head and I have saved and have given copies to others of emails, letters, phony press releases etc so that it may used before the statute of limitations runs out which is not the case today. My interest in this stock is simple. We invested alot of money based upon representations that were made and that have verified untrue. They took our money and think that they are going to get awya with it. Time is on our side not theirs. I hope they are successful because it will give us a better chance to recover charged off funds but we do not expect that to happen.
