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Re: stockmasterflash post# 49415

Saturday, 08/24/2013 3:49:19 PM

Saturday, August 24, 2013 3:49:19 PM

Post# of 234270
4) CEO's company RHL group finances the company with convertible notes. (company is in violation of debt covenants though)

He's injected close to $2M and he isn't showing any results regarding the lawsuits. Wonder how long he'll bleed his company?

And from your link,

Sunil Singhal
EVP of Technology
and Product Development

(*) 2012 $ 48,806
2011 $ 120,000 (17)

17. During 2012, Mr. Singhal was paid $120,000 as salary during the year. An additional $60,000 remained unpaid as of December 31, 2012. (*) Mr. Singhal was terminated effective March 30, 2012.


Looks like product development has ground to a halt.

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