Replies to post #7738 on Universal Express Inc fka USXP

[jking1999]

janice shell: Let's be accurate - The 'Board of Directors' (himself) lent himself 1M and then the 'Board of Directors' (himself) voted to forgive 10% deduction of that loan for each year he continues to serve as CEO.

There is no forgiveness, at least at this time, on the loan to his wife. It just has no terms (no interest, no payback terms, no nothing).