CYduct Diagnostics Inc (CYDX)

[slazenger7]

So you have "proof" that the entire staff makes only 45K? If the President says that the entire staff makes only 45k, then he must have left himself out of the salary payments.

"the Company issued 30,000,000 shares of its common stock to the President of the Company for the renewal of his employment contract and recorded an expense of $300,000."

http://ih.advfn.com/p.php?pid=nmona&article=55044314

"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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