From what I understand Richard bought QBID shares and was being paid in money, but when the cash started running short he began getting paid in shares. As for his father being 'in Equity Relations', in every state I know, when you incorporate you need two or more corporate officers. This is a formality and people usually use either their relatives, friends, or lawyers. (I'm a banker and I see incorporation papers all the time.) I myself am an officer in my friend's small construction business and I have no role and receive no compensation. Haven't you ever been asked to do the same?
QBID was his first client. He now has several. (He had to. He couldn't feed his family with stock.)
You're implying Richard's father sued him. Is that true? Where did you read that?
As for Richard knowing more than he revealed, that is probably true. But sins of omission are understandable in his role: he is only supposed to tell shareholders what the company wants him to tell. I don't think he knowingly lied. I've never had any indication of that. Rene Schenk once told me that Richard can 'answer everything for you' but that scumbag was trying to deflect heat. RENE was an officer in TMM, not Richard. I think they used their IR guy as a shield.
btw, I told Richard that I filed a complaint with the SEC and was told that there is a file open on Frank Olsen and QBID management. Richard did not express surprise and told me he keeps notes of all his conversations with Olsen and the others and said they are readily available for any investigation. I suspect Richard feels just a little rooked by those clowns. I haven't spoken to him since the last PR, I'll probably try to call him soon.
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