Insiders Are So Greedy
All info from S-1
Insiders got paid $3 mil for CR(APP)
OBITX Insiders received:
1) Salary of $80k+/year with option to purchase shares
2) Received common shares
3) Received preferred shares
And this does NOT include the preferred shares (worth ~$3 Mil)that went to MCIG; where MCIG can further issue to insiders without telling anyone.
In addition, I may have missed it, but there are no constraints as to when insiders can sell their stocks
All in all, insiders got paid at least $3 mil w/ the purchase of CR(APP)
And getting so much more in terms of salary, issuance of common shares, issuance of preferred shares, and future issuance of preferred shares that haven't been given to insiders.
KrypNetwork Insiders; Paul and Mardikian are also being paid $$$ by KN, and likely received KN common and preferred shares; which benefit only Paul and Mardikian apart from OBITX and MCIG.
What do MCIG shareholders get from the OBITX divvie?
1 OBITX share for each 1000 mcig shares owned.
Every MCIG shareholder should feel that they bent over for Paul and got abused.
0 ATM contract sold by OBITX
0 OBITX ATMs that are in operation
0 CA MJ Production License
0 CA MJ Cultivation License
0 CA City MJ Land Use Permit
0 Land transfer
0 CA business registration
0 General Contractor's license in any USA state
0 8K's filed for material events for alleged staffing contracts