Replies to post #245057 on Innovation Pharmaceuticals Inc (IPIX)

[scottsmith]

Bertolinino’s cash compensation for 2018 is $616,000! How much more compensation does an officer of an otc penny stock need?!? They are doing toxic raises to pay these bloated, pig salaries.

His all in compensation for 2018 is $1,766,954???!!!

This is shameful stuff.

https://www.sec.gov/Archives/edgar/data/1355250/000147793218004457/ipix_10k.htm#ITEM 11. EXECUTIVE COMPENSATIO

[loanranger]

"Dr. B did not benefit from that sale except that he now holds shares with a basis of .40 that are worth .18"

That was the issue I was examining. If Dr B returned shares that were valued at higher amounts than they should have been (based on the fact that the share price at the time of their return was less than the credited share price) it would have resulted in larger credits than he was entitled to.
I asked the question this morning.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144240140

[loanranger]

"Those were shares in lieu of compensation"
You know that "in lieu of" means instead of, right? Those shares were used to pay the taxes on compensation paid in the form of shares issued in addition to his base salary and not in lieu of anything.