AI
Thursday, December 26, 2013 12:28:30 PM
You are 100% correct - the CEO is VERY let me stress that, VERY aware of the FACTS.
First, an unpaid promissory note would imply that the note had not been satisfied... how would you define notes that were paid 3 times?
Secondly this "consultant" that maintains that he/she never represented themself as the CFO of PVEC, was just that, a consultant. (Unfortunately, this consultant actually has represented themself as the CFO to many professional institutions and left a heck of a paper trail) In the world of business, consultants are paid based on deliverables. If the deliverables are never delivered and the consultant is fired-yes fired, there are no fees due the consultant because the deliverables were never received. Also is true in the effect that if the deliverables are provided and they are completely wrong and the company has to pay a second consultant to provide the deliverables the original consultant again is due nothing.
Additionally after performing some DD and exhaustive research on said consultant, I have discovered that he/she was fired from numerous other consulting jobs for the exact same reasons-failure to deliver.
So based on the information regarding the monies owed to friends, consultants, and various other parties that have been provided here, seems to me that the friends and consultants may actually owe the company some monies, shares, and services... but that's jusy my humble opinion from orbit around Jupiter.
Wiz
