Replies to post #9392 on Inergetics Inc (fka NRTI)

[crookedneck]

This is a perfect example of what I meant. You post your remark as if it is wrong and unheard of for management to be issued stock as part of their salary. According to your post, you stated he is printing millions of shares for himself, which is not the truth. BTW - Why don't you do a quick comparison to the countless worthless companies in the OTC market who don't even have a product or any source of income, yet take a much higher salary and many more millions of shares that they pump, sell, and repeat every quarter.

I will ask again, since it is completely relevant to the company and us shareholders, since you are once again stating something to infer the CEO is doing something wrong or unethical. Did you refuse to call the CEO when he offered to speak with you to clear up any misconceptions that you continue to spread here? Of course we all know the answer is that you refused, even after the CEO was willing to make concessions to accommodate you living in England and all.

You always try to dodge the issue after making these derogatory remarks towards the CEO, as you did again by saying its in the filings. Well please show then where it states in the filings he is printing and issuing himself millions of shares. The fact is it was part of employment deal when he became CEO and it has not been hidden nor unethical as you try to imply.

My question is why are you invested here if all you do is take pot shots at the CEO with this kind of crap. I mean really, who does that?

[goldmansack]

In the fins you will also see the CEO makes $150k a year. Do the math on what his current shares are worth at these prices. By owning more shares and taking a discounted salary, he is incentivized to increase the share price so his goals align with the shareholders. The guy is mid 50's and has stated he's looking to retire soon. He's already turned around a failing company before selling it, which is what he was brought in to do here. If you take the time to read the financials you'll see he's done everything possible to avoid dilution including getting $5M in grants by relocating HQ. The huge A/S was already implemented by the CEO before James but the O/S is still not out of control. Dilution is something that has to happen with all companies at this level because of a lack of more attractive financing. This will change hopefully as sales improve with such great margins.

He is also a CPA. Pretty sure he has a clue what's going on. Here is his bio:

Mr. Michael C. James, CPA, is Chief Financial Officer at Terra Tech Corp., Chairman, Chief Executive & Financial Officer at Inergetics, Inc., Chairman at Guided Therapeutics, Inc., a Managing Director at Kuekenhof Partners LP, a Managing Director at Kuekenhof Equity Fund LP, and Managing Partner at Kuekenhof Capital Management LLC.

Mr. James was previously employed as Chairman & Chief Executive Officer by Nestor, Inc., Partner by Moore Capital Management LP, Chief Financial & Administrative Officer by Buffalo Partners LLC, Chief Financial Officer & Treasurer by National Discount Brokers Group, Inc., Staff Accountant by Eisner LLP, and a Portfolio Manager by FirstMerit Trust.
He received his undergraduate degree from Fairleigh Dickinson University.