InvestorsHub Logo

Cynomus

03/21/19 10:43 AM

#137814 RE: yerboss #137762

That's because there was no salary to take, no revenue. His hand out to himself of free shares, was pretty generous, what that did was borrow more future money from shareholders that paid for shares. So everytime people brag about him buying shares at $1.43, I cringe a little, because it misrepresents the situation. Additionally, the number of shares he presented himself, at that price was small compared to the total he acquired virtually for free to begin with, thereby averaging nicely for him, diluting for invested shareholders.