CYduct Diagnostics Inc (CYDX)

[slazenger7]

Really? A one time payment? How many one time payments does he get?

"In the second quarter of 2012, the Company executed a pledge agreement to secure the services of the President to be performed under the employment agreement. As a result, the Board of Directors issued 450,000 shares of Series B Preferred stock as additional security."

"The Company has elected to book the security issued pursuant to the employment contract as an additional $450,000 expense based upon 450,000 shares issued at a rate of $1.00 per share. If the Company satisfies its obligations under the employment agreement and corresponding pledge agreement, the Company will then make the appropriate adjustments to the accounts. "

http://www.prnewswire.com/news-releases/solos-endoscopy-posts-total-assets-of-2426883-for-period-ended-june-30-2012-166410046.html

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