Once delinquent, they REMAIN DELINQUENT until they file.
Michie is not going to request an extension to file late on this 10K because that would just raise a red flag with the SEC and remind them what they forgot...
lookie here, they are 6 10Q's behind and now 2 10K's behind.
Let's call them and see what is going on, and if PFSD informs them they can't get current the SEC could simply shut them down if they don't comply within a reasonable period of time.
If one shareholder decides they have had simply enough, one simple call gets the ball rolling.
Do you think Michie is going to stop PAYING HIMSELF FIRST?
Michael D. Michie
2015
$ 120,769 - - - - - $ 120,769
President and Chief Executive Officer (a)
2014
$ 130,000 - - - - - $ 130,000
On November 6, 2015, the Company issued 15,450,437 shares of common stock to an officer (MICHAEL MICHIE) for $108,153 for payment of compensation.
The corporate checkbook IS HIS PIGGY BANK. Since he can't issue himself stock anymore, my guess is he is back to his 6 figure income over the past few years 2016 - 2017.
You know, those NON-REPORTING YEARS.
But hey, why report when those sales are better than we shareholders in the dark aren't privy too.
Just pay the CEO and those working on the inside.
This is the ultimate MIDDLE FINGER SALUTE TO SHAREHOLDERS!
Keep them in the game thinking they will file, only trying to set up a sweetheart deal for themselves (CORAL?) when in reality the shareholders are the furthest thing from Michie's true heart.
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