Replies to post #17878 on Players Network Inc. (fka PNTV)

[Pure_Greatness]

WRONG....NOT HALF A MILLION....CEO employment agreement...as of July 2015

Employment Agreement
On July 17, 2015, the Company entered into a new employment agreement with Mr. Bradley, effective July 1, 2015. The New Employment Agreement replaces Mr. Bradley’s 2010 Employment Agreement, which was set to expire on September 1, 2015, and which was terminated on July 17, 2015, effective July 1, 2015, pursuant to a mutual agreement of the parties.

Pursuant to the terms of the new employment Agreement, Mr. Bradley will serve as the Company’s CEO and Chairman. The new employment agreement has a term of five years and six months, commencing July 1, 2015. The Company agrees to pay Mr. Bradley an annual base salary of $175,000or such greater amount as may be determined by the board of directors in connection with a performance review to be performed at least once annually. In the event that the board determines that the Company cannot afford to pay Mr. Bradley any portion of his base salary, Mr. Bradley may, at his sole option, elect one of the following:

(a) Defer receipt of his base salary until such time as the Company has the funds to pay him. In the event that Mr. Bradley elects this option, the unpaid salary shall be paid with no interest.

(b) Elect to convert all, or a portion of the unpaid salary into Series C Preferred Stock at an exchange rate equal to the closing price of the Company’s common stock on the date immediately preceding each election.

Per last 10Q
http://ih.advfn.com/p.php?pid=nmona&article=68260195

[Louis Winthorpe III]

I don't know why people think the majority of us cant read? How can you continue to back this company up when its in black and white. And what do you get "post a link", its in the freaking Quarterly's!!