In response-The company filings should show payables to related parties or at least what the CFO is making in cash or share compensation. They show by company's own disclosure a salary plus bonus for the CFO last 10k of $350,000. Do we know how much cash paid ? Shares should be reported on form 4 for any increase or decrease, however it is not clear the Fom 4's reflect s8 stock issuances.
So the evidence such as it is , coming from the company itself is that CFO made $350,000 on the last 10k. How much was cash we dont know. How much s8 stock that was sold on the market we should know from Form 4's unles not reported there.
If $350,000 then there are employer taxes to pay as well.
So how does a company with this dismal performance and bringing in what cash they did per quarter justify not only the salary but the employer taxes on top of that ?
Whether CFO actually collected the full amount, or timed s8 shares to receive more , we dont know but as 1manband points out according to US GAAP at the minimum whatever not paid is a liability of the company.
