Replies to post #17584 on Notis Global Inc. (fka NGBL)

[OPKOHEALTH2022]

This is what i found :

Ambassador Siegel entered into a Director Retention Agreement with the Company and its majority shareholder on April 1, 2014. The term expires on March 31, 2016, unless Ambassador Siegel is elected to a subsequent term, which would cause the term of the agreement to extend until March 31, 2017. Pursuant to the agreement, Ambassador Siegel receives a fee of $4,000 per month during the term, which may be adjusted to $5,000 per month as determined by the CEO of the Company and Ambassador Siegel. Ambassador Siegel received the following award under the Medbox 2014 Equity Incentive Plan pursuant to the agreement: during the first year, Ambassador Siegel received 168,750 shares of restricted stock vested over a six month period beginning September 1, 2014 and 56,250 Restricted Stock Units which vested over a six month period beginning September 1, 2014. For each of his second and third year of service (if elected for a third year), Ambassador Siegel will receive 100,000 shares of stock, comprising 75,000 shares of restricted stock vesting quarterly over a 12 month period, and 25,000 Restricted Stock Units vesting quarterly over a 12 month period.

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$2 million for legal and $373,000 for living expenses? The SEC knows they skrewed the pooch on this one. SEC and CNBC are negotiating behind closed doors on how to squirm out of this one. CNBC will pay fines, officers and directors will get barred. Dr. Chiro and Vinny will get pinched, and the loser CPA formerly from KPMG will get fined and lose his license, but no jail time.

SEC will call it a win when they report to congress.