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Wednesday, January 19, 2011 9:21:52 PM
Looking at financial statements unless someone else can find, seems no salary payable recorded for his employment agreement.
Then in filing the shares for salary information, CEO included letter from CFO that does reference not only 2010 but also 2003 or 2004.
So guess you hit the nail on the head. He had salary agreement. However they did not show on the books. Then they realize error and for the fourth quarter of 2010 decide to record all at once.
CFO guess was in same position.
Anyway CEO and CFO saved company money it didn't have by issuing 800 million shares. Can one blame CEO for not understanding accounting or common disclosure requirements? Maybe CFO just a bit slow.
How will CEO and CFO be paid this year ? Will this CFO actually record the liability ?
Of course HIP HOP network will save the day !
What is lowest price BTDG can be before it stops trading ?
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