No, it doesn't say he INVESTED anything. He RECEIVED shares pursuant to a PRIOR CONTRACT, and the issuance removed $250,000 in cash liability from NTEK's books.
There is zero evidence that NTEK received a dime from BIG - there is not a reported increase in paid-in capital during the period of the stock issuance as would happen if BIG paid cash for shares.
The shares were probably issued IN LIEU OF CASH as payment for a pre-existing stock promotion agreement.
And that means that BIG has $250,000 in ordinary taxable income for April 2014 - meaning TAXES on that income are due for 2014 on April 15th, 2015. Even in the best case, it will at least be imputed AMT taxable income.
And that means he has to sell them in order to pay the taxes.
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