typical biz here at jbii.pk wonder if gerry got any shares before he split?
Message in reply to:
why did genius johnny boy hand out 3m in american dollars in share before p2o produced a dime in income?
The Forms 4 seem to be overdue.
Year-to-date, stock compensation has been issued and expensed totaling $3,013,020, with $643,120 occurring in the second quarter. This non-cash expense will likely continue in future quarters but the amount will vary based on number of shares issued and the stock price on the date of issuance.
Stock-Based Compensation
The Company periodically issues shares of common stock for services rendered or for financing costs. Such shares are valued based on the market price on the transaction date.
Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days. You can find the limited categories of transactions not subject to the two-day reporting requirement in the new rule. http://www.sec.gov/answers/form345.htm
The SEC requires individuals with “beneficial ownership” (including directors and officers as well as any investors who own 10 percent or more of a company’s shares) to file a Form 4 within two days of buying or selling the company’s stock. (They must also report stock received as part of compensation.) http://moneywatch.bnet.com/money-library/sec-filings/tutorial/4/
Form 4 provides information about the disposition of stock either by sale or transfer. This information may indicate whether the shares have been transferred to a family partnership or other entity controlled by the shareholders, officers, and/or Directors.
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