I'm not sure Herve can pay himself with stock. Since the stock isn't trading there is no way to know the current value of the company without having it valued by a neutral third party (or three). It would incur extra expenses and may subject the company to a shareholder lawsuit (shareholders are not getting IPLY financial statements). Herve should be paying himself out of whatever revenue IPLY generates and the company should just owe him, if there isn't enough money. If the company can't afford to completely pay the employees, Herve should look to sell or liquidate the company. Herve still has a fiduciary duty to shareholders.
News 
Market Data 
Discover 
