Is Joe Abrams the same as Philobelle?
If so, Joe was already getting $225,000/yr to be a consultant.
Man, if Joe is Philobelle, he's getting nearly 3/4 of a mill a year in compensation from a company that, as nearly as I can tell, doesn't make money.
JMHO -jonesie
From an 8-K dated 11/22/06:
(b) On November 20, 2006, we entered into employment agreements with our
CEO, Roy Roberts, and our President, Jeremy Dallow. We also entered into a new
consulting agreement with Philabelle Consulting, LLC, superceding a previous
agreement with Philabelle. The Agreements are effective as of February 17, 2006
and are for three-year terms. The agreements provide for base salaries of
$175,000 and $200,000 for Messrs. Roberts and Dallow, respectively, and
compensation of $225,000 annually for Philabelle. Copies of these agreements are
attached as exhibits to this report.
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