Replies to post #151416 on PCT Ltd (PCTL)

[sylvia07]

Yes, whats going on in this board?

[Egold]

This is what it says in the 10K related to Gary's compensation-

On January 1, 2020, the Company entered into a four-year employment agreement with Gary, J. Grieco, its President and CEO, whereby Mr. Grieco will receive $48,000 per year commencing April 1, 2020, and receive 15,000,000 shares of the Company’s common stock for services to the Company as its President and CEO. In addition, once monthly revenue exceeds monthly expenses the salary will be increased and Mr. Grieco will be issued an additional 10,000,000 shares of the Company’s common stock. The employment agreement begins on January 1, 2020, and is automatically renewable for two years unless terminated earlier as per the terms of the agreement.

Could it be the 25M shares we are seeing is 15M annual plus the 10M for profitable? Makes sense to me and certainly is not hidden as some have said.

Gary is taking a very small cash salary the rest coming in the form of shares. Is this unheard of for a CEO? 10M additional being a bonus for the company being profitable. Unheard of for a CEO?