The executives, if I understand correctly, were paid with anti dilutive shares. Not sure why you feel so strongly a reverse split is out of the question - while I hope you are correct it was most definitely on the table as outlined below:
This is from the 14c filed in July 2016 with the reverse being an option for the Board through March 31, 2017. I am glad the Board did not exerciser this option but it concerns me they were considering it. My opinions as always.
ZONZIA MEDIA, INC.
2580 Anthem Village Drive, Suite B-7
Henderson, Nevada 89052
INFORMATION STATEMENT
WE ARE NOT ASKING YOU FOR A PROXY
AND YOU ARE REQUESTED NOT TO SEND US A PROXY
Dear Shareholders:
We are writing to advise you that our Board of Directors and shareholders holding a majority of our outstanding voting capital stock have approved granting the discretionary authority to the Board of Directors to amend the Company's articles of incorporation to effect a reverse stock split (the “Reverse Split Proposal”) of the Company's issued and outstanding common stock (the “Common Stock”) between a range of not less than one-thousand for one (1,000:1) and not more than twenty-five thousand for one (25,000:1), or if at all.
These actions were approved by written consent on July 5, 2016 by our Board of Directors and a majority of holders of our voting capital stock, in accordance with Nevada Revised Statutes. Our directors and majority of the shareholders of our outstanding capital stock, as of the record date of July 5, 2016 have approved the Reverse Split Proposal after carefully considering it and concluding that approving the Reverse Split Proposal was in the best interests of our Company and our shareholders.
WE ARE NOT ASKING YOU FOR A PROXY, AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
We encourage you to read the attached Information Statement carefully for further information regarding these actions. No action is required by you. Pursuant to Rule 14(c)-2 under the Securities Exchange Act of 1934, as amended, the proposals will not be adopted until a date at least twenty (20) days after the date of this Information Statement has been mailed to our shareholders. This Information Statement is first mailed to you on or about July 31, 2016.