I originally invested my own money into the Company in late 2011, about $46K worth to launch the company in my garage and design the prototype we eventually filed patents on.
I worked for free, without a salary and depleted most of my savings as a result. In 2013, after proving the technology, I finally took a salary of $70K a year and started working full time for the Company. Far below what my skills are marketable for.
After self funding, I was able to sell shares from $0.15-$0.25 to small private investors after completing our proof of concept. Most of the investors were friends and family.
What purpose would that serve?
All public Companies have safe harbor. It's something a good legal team will require. Is this a serious question?
Didn't realize I was pumping. My Company has no liquidity and is trading at the same price as our last private placement. I guess that makes me a terrible pumper.