Replies to post #10200 on Boston Carriers Inc. (fka BSTN)

[TransAsia Judgment]

Bertsos made enough money to buy his own Greek Island and retire, grow olive trees and make olive oil.
Bertsos made $4.5-6 million (as per 20F)
Interesting concept. Pay yourself a high salary, pocket the money and run.
Let the company evaporate, leaving investors holding the losses

https://www.sec.gov/Archives/edgar/data/1174672/000172186818000310/f2sbstn20f041218.htm

On August 22, 2016, the Company entered into an executive employment agreement with Mr. Antonios Bertsos, the Company’s Chief Executive Officer, Chief Financial Officer and member of Board of Directors. Upon the occurrence of a change of control as defined in the executive employment agreement with Mr. Antonios Bertsos, the Company shall pay to Mr. Antonios Bertsos a lump sum cash amount equal to twenty times the sum of his then-current base salary and pro rata portion of any annual bonus, if any, in U.S. dollars, within 30 days following the effectiveness of the termination. Mr. Antonios Bertsos’ current base salary is $1,500,000 (refer to Note 12).