When the companies merged - RW was made "co-CEO" of EVRM - HOWEVER - look at the Nevada business sheets and JS is listed as The CEO - and RW sold STS to EVRM - converting his STS shares to EVRM shares.
- Furthermore - Look at any official documents - it's JS' signature - He essentially runs the show - RW was merely a formality for the sake of SDVOSB status - as it is supposed to be the "highest ranking" members within a company - hence Co-CEO title.
Look at the PR's of the details of the signings and it shows RW was to be in charge of daily operations of STS - While JS was in control of all the financing and managerial duties.
Any bonuses MUST be passed by the board of directors. - clearly RW did not put this before the board nor JS - and kept it quiet. It's especially telling that he gave a significant sum to the secretary - and no-one else on the STS staff.
Where we stand financially is still up in the air - we will have to wait and see the details from the court case.
If RW returned shares - or shares were dismissed - the valuation of this company will go through the roof in terms of value per share. that is a 25% holder that possible will be written off the books.
If he does keep shares - you can bet they will be locked up for a long time to come - with stringent selling stipulations.
I don't think litigation was going on that long - I'm thinking close to one year. It's only speculation until we get official word, but I thought it was RW giving out large "bonuses" from the STS work that was getting completed. Each job brought in 100-200k which was reflected in earlier filings. Hopefully that money is to come back onto the books. Just my opinion Gran Pop..IMO
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