AND... who is responsible if it's not the CEO ??? The Janitor ofRXSF. What debt caused the Death Financing? Time to get to Market. Axius debt ??? And you let her change employment agreement to vest now in the middle of death spiral? Don't forget RXSF just subs everything. what causes debt in a sub???
Lorraine Yarde, our CEO, is the co-founder and minority shareholder with Axius Consulting Group, Inc. (“Axius”). Mr. Mark Basile, our former director, is also a co-founder and majority shareholder of Axius. Effective July 1, 2010, we entered into a consulting agreement with Axius. We engaged Axius to provide services in connection with our efforts to seek out business relationships and financing to grow our business. We agreed to pay Axius a retainer of $20,000 per month for a 12 month consecutive period. We renewed the yearlong agreement on July 1, 2011 and again on July 1, 2012. The consulting agreement was not renewed on July 1, 2013. Axius has at its sole discretion, to have the option to take payment of the accrued fee in cash or as common stock of the business, at a 50% discount to the current market value of the common stock. Certain payments made directly on behalf of the principals of Axius, in the form of health insurance payments of $32,977 in 2013. Balances included in accounts payable to Axius totaled $171,701 and $176,701 for the years ended December 31 2014, and 2013, respectively. The value of Mr. Basile’s interest in the Axius Consulting Agreement was $128,775 and Ms. Yarde’s interest was $2,926 for the year ended December 31, 2014.
And I do answer to Investors in one of my LLC's Doc.
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