CYduct Diagnostics Inc (CYDX)

[slazenger7]

Lol.. Watch for the next filing, and in the meantime, go ahead and believe the President when he tells you he's working for free now!

Here are the facts -

"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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