InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,838.58
(
-0.36%
)
US TECH 100
19,687.20
(
-1.07%
)
Dow Jones
42,916.39
(
-0.35%
)
Brent Oil
73.58
(
-1.78%
)
Bitcoin
65,437.34
(
-0.94%
)
Post# of 347770
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

PeterGates

Send PM Follow Ignore
Followers 30
Posts 1804
Boards Moderated 0
Alias Born 01/31/2013

PeterGates

Re: None

Tuesday, 05/14/2013 11:08:08 PM

Tuesday, May 14, 2013 11:08:08 PM

Post# of 347770
Mr.Powers, I hope you get your salary $180,000 per annum.

AS PER FILINGS:

"Mr. Powers will be paid a salary of $84,000 per annum beginning on February 1, 2013. If revenues exceed $5 million, then Mr. Powers salary will be increased to $144,000 per annum. If revenues exceed $10 million, then Mr. Powers salary will be increased to $180,000 per annum. "

"On February 20, 2013, the Company issued 15,000,000 shares of its common stock to its Chief Executive Officer pursuant to an employment agreement dated February 1, 2013"

Key Points.

-New CEO has been hired.
-CEO will make more money in salary if the stock prices goes higher.
-CEO also owns 15 million shares. Another reason to see to a higher stock price.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up