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MD-420

09/29/16 8:38 PM

#77803 RE: lesgetrich #77800

Only recently would it easily be absorbed. No telling how long current volume will last. And that really isn't the punt. The salary is ridiculous and not pay fit performance. If it wee past fit performance, Ron should have only made a fraction of what he has made to date off shareholder backs.

CashBowski

09/29/16 9:13 PM

#77807 RE: lesgetrich #77800

I know how to read a contract, that's why I included a copy so others could get a good look, so anyone looking to spin it into anything other than what it is, is not gonna fly with me.

You're leaving out a crucial part which is that they already booked the $240k for FY17. You can argue next April whether MCIG has an extra $240k laying around to pay Paul and Hawkins their salary in cash or shares.

The same applies for bonuses.

As for 3% restriction -- I go by what's submitted as exhibits in audited financial reports, and there's no proof anywhere in that contract that there's a percentage restriction. Find it in the contract and I'll be happy to admit I was wrong.