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Frayed Knot

09/05/19 4:49 PM

#94728 RE: VerifyandTrust #94724

Those are some STAGGERING DOLLARS!

It appears Yazbeck's plan has worked out perfectly.. FOR HIM...(and his buddies)

... not so much for investors or customers but he sure as hell doesn't care...

....no doubt he says "not my problem, I didn't force them to BUY"



False, of the $1.155 Million in only Salary & Bonus for Yazbeck denoted on the 10-Ks from 2014-2018, only $410,690 is still due based on the settlement agreement, effective upon termination of his Employment Agreement effective November 10, 2018. Meaning Yazbeck has already collected $744,575 in salary & bonses.

Add in the $40k in option awards in 2014, the $24k in 'Other Comp' in 2018 + the $5,691,933 in 'Other Comp'in 2016...and Yazbeck has walked with $6,500,508...and is still due $410k by 1/1/2020, + a new warrant not yet issued for YCIG of 15% outstanding CS.

p. 28 10-K

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RadioSilent

09/06/19 12:30 PM

#94756 RE: VerifyandTrust #94724

I'm in a hurry, so let's go with your numbers.

1.155m with 411k deferred. That's $744k, over 5 years (2014-2018). That's an average of $149k/year. A long way from $400-$500k/yr. He lives in San Diego...I don't think that $150k/year is tonning it in SoCal.