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Friday, January 06, 2012 12:05:41 PM
The Board also rejected the Marshall Employment proposal on the basis of salary. Originally, and to this date, all Board members agreed that there would be no salary packages for any Board members until we had an up and operating plant that was producing both revenue and income. Mr. Marshall has demanded a 1 year $220,000 dollar salary package and stated clearly that his focus would be on many other projects other then SRE S.C. in the US and around the world. The Board wishes Mr. Marshall well and good luck on all his endeavors and we are sure our joint efforts will bring us together on other projects in the future. However, at this time, our concerns are not vested in projects all over the world; our concerns are vested in the SRE S.C. project and in the best interest of the Syndication shareholders. We would only grant such a generous salary package based on performance and the assurance that our needs were a 100% priority.
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