It really is a shame that WHLI's CEO is a crook. Medspa Solutions sure sounds like it has alot going for it, but then, maybe it's just the way Ellis pumps it!
In reality, there's not much assets to franchisers, so after the office, computers, furniture, and paper, the rest would be profit.
Unlike some CEOs, who take no compensation until their plan is solidly in motion, Ellis appears to take ALL profits as CEO income, leaving nothing for the S/H to warrant interest. Filings will show that!