Saturday, September 11, 2010 1:50:38 PM
Mr. Guarnieri has purchased and fully paid for all of the shares he owns. The recent purchase of shares is restricted for a period of one year, after which they can only be sold using the "Dribble Rule" which allows selling by an insider of not more than one percent of the Outstanding per quarter.
Furthermore the PR states that Fred has never taken any compensation and will not be taking compensation in ANY form:
"To further strengthen Amelot's position and to show my continued faith, support and confidence in the future of the Company, I have renewed my employment contract for another one year term and will accept no compensation for this period. I would also like to add that I have received no compensation in any form from the Company since becoming President and CEO in June of 2009. All monies received by Amelot have been used for paying down debt and taking measures to build substantial future revenues. I will continue working hard and doing everything under my power to increase shareholder value," concluded Fred Guarnieri, President and CEO.
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