The "Perception" of a higher SALARY and it is more Transparent on the GEQU books. Technically speaking, there could be some tax issues, as they are Incorporated in NEVADA.
Good Question for GEQU CEO on this one also.
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"Honestly what's the difference he could have just given himself a higher salary"
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Same as GEQU Management taking another 148k in Cash through the CONSULTING FIRM they both own, ALPHA CAPITAL. WHY?
Only shows up in the 10-k once a year and most SHAREHOLDERS overlook. But don't you think, interesting they changed it, as it has been on the books since January 1, 2013
This contract was modified January 1, 2013 on the following terms:
1) COMPENSATION: $180,000 per annum, subject to annual review and adjustment of no less than a 5% percentage increase. The salary will be paid on a monthly basis. Also, there was a provision to pay the CEO´s rent in Dubai, calculated at $30,000 per month, starting July 1, 2013.
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