Beneficial Holdings Inc (BFHJ)

[wplong89]

Funny it seems like a r/s wouldn't be very conducive to the officers' compensation package. More like a SBB.

Neither of the officers or directors beneficially owns
the Company’s securities, although their compensation
agreements provide that they may purchase certain
stock in the event they bring the Company to sales
about $19,000,000.00 per year with at least 20% of
sales resulting in profit within three years. In that
event, the officers could purchase, at $.12 per common
share, up to 8 percent of the Company’s common stock.
In addition, they could purchase up to 3.9% of the
preferred stock in exchange for $350,000.00 pro-rated
depending on the percentage they wish to own.