It looks like Kramer and Watson pull the strings for a lot of people.
An interesting historical footnote:
Kramer, a well-known badboy, gave financing to our old friend Pearlasia, who was at the time Chairman of PAIM, which later became ZNXT. When some shareholders--quite a few, really--became upset about their losses, Pearlie told them that Kramer would buy their stock. She also gave them his name and phone number.
He got a LOT of calls, and was not very happy. It was beyond hilarious.
Back to the instant case, Licht makes it clear that Watson expected to be paid in discounted stock for his services, but he doesn't make it clear exactly what those services were to be. Perhaps that's specified in the exhibits, but I wouldn't put money on that.
Speaking of money, was any financing promised? If so, was it paid?
