You can distort and contort that statement 6 ways til Sunday and you can paint Mr. Correa as the bad guy (of course, such is the nature of a bagholder, just see the ADSV board for similar developments), but it really doesn't take an English major to interpret that as follows:
Correa was the CEO of ECOG, and as the CEO he entered into an agreement to perform certain "services" to ECOG.
Those services were "rendered" which means they were completed, carried out, or acted upon. This satisfied Correa's part of the agreement, which was, once again to receive compensation for "services rendered". Except, he was not paid. ECOG did not satisfy their part of the agreement.
It has nothing to do with shares he sold or the SEC filings. He was simply not paid.
So in simplest terms, ECOG owes Correa $100K for the services he performed while being the CEO of ECOG, and since they can't pay him, they are letting him use their license free of charge.
Market Data 
Markets 
AI
