Thursday, May 06, 2010 10:58:28 PM
Parrish, Parsons how do you sleep at night, Karma buddies Karma thats all I have to say ....I hope you do get busted - as others said in the past this is now a diluted p.o.s. like most pinks and you guys are laughing at us all the way to Parrishs bank. The pair of you should step down immediately and be ashamed ...american greed at its best - you are whats wrong with American business today - shell games and b.s. and tweaking facts and numbers the working stiff paying for it all in the end ...
THE COMPANY LOST 8 MILLION DOLLARS BUT 5 EMPLOYEES GOT 11,476,321 !!!
Compensation JUST TO EMPLOYEES
$ 370,000 Parrish compensation that is public knowledge
$ 396,321 Parsons compensation that is public knowledge
$ 1,050,000 straight stock
$ 9,660,000 class B's converted * 10
_____________
11,476,321 in employee compensation and stock
FACTS TO BACK IT UP from the fins ...
Parrish : $370,000 Payments made to Delta Energy Resources under this arrangement for the year ended 2009 totaled $370,000, of which $100,000 is reflected in the accrued compensation liability at December 31, 2009.
Parsons : $396,321 Additionally, the Company pays Mr. Parsons individually for management services rendered. Expenses for the management services of Mr. Parsons for 2009 totaled $396,321, of which $100,000 is reflected in the accrued compensation liability at December 31, 2009.
5,000,000 shares valued at $250,000 were issued to employees for services rendered in 2009 (TODAYS VALUE 5000000*.21 = 1,050,000)
4,600,000 Preferred B Shares valued at $2,720,000 were issued to employees for services received in 2009; "TIMES 10" = 46 million shares (TODAYS VALUE 46000000*.21 = 9,660,000)
"net loss for 2009 was $8,047,871."
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