The point is your post did not answer the question being asked, and yet simply by posting it in response to THAT QUESTION there is an implication that said post provides evidence. I got a tax refund last year, that must be evidence I cheated on my taxes.
Original question:
What evidence can you provide that supports your allegation of any "deceptive" payments being made to John? Please do not give "speculations" or "could have" or "maybes" - facts.
As described in Note 7, the Company issued shares of common stock to acquire assets from John Bordynuik, Inc. (“Data”), a company owned partially by the Company’s President and CEO, valued at $342,563. Many of the contracts associated with providing tape reading services are still held in the name of Data, though it is their intent to transfer these contracts during the 2nd quarter of 2010. As such, Data bills customers for the tape reading services, collects the money and remits the funds to the Company. During 2009, $184,000 of revenues related to tape reading was paid to the Company by Data. There were no amounts for 2008. ... During 2009, the Company’s President and CEO, who is also a majority shareholder, paid for direct labor costs associated with the reading of tapes, for which he was not reimbursed. The total costs amounted to $42,061 and have been recorded as a capital contribution. There were no amounts for 2008. ... The Company has a large backlog of tapes to be migrated and is seeking strategic partnerships with international companies that will allow the Company to realize tape revenues faster, thereby decreasing the backlog.
FORM 10-K/A (Amendment No. 1) For the fiscal year ended December 31, 2009 www.sec.gov/Archives/edgar/data/1381105/000121390010002805/f10ka2009_jbi.htm
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