Replies to post #342 on Myriad Entertainment & Resorts, Inc.(fka MYRA)

[beentomyrasite]

it's pretty bad journalism, writing things like "who appears to believe" and not having had a conversation or a quote from the source
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[beentomyrasite]

you're right about the beginning and the end conflicting

and the article definitely feels biased, I had the same thought as I was reading it

[beentomyrasite]

Lopardo had more that 2 years left with Myriad. I can't imagine, with these incentives, and all of his pull from a 700B fund, colleagues, from State Street, that he wouldn't get this done. Read his employment agreement below, the last sentence is the real incentive:

On August 9, 2006, we entered into an employment agreement with Mr. Nicholas Lopardo, our Chairman of the Board. The term of the agreement is for three years. Mr. Lopardo shall earn a base salary of $400,000 per year, payable upon the Company securing $5 million in financing. Accordingly, upon effectiveness of this offering, we will begin to pay Mr. Lopardo’s salary. Further, Mr. Lopardo may be entitled to receive certain financing bonuses equal to 2% of the total proceeds raised in a debt financing and 3% of the total proceeds raised in an equity financing. Mr. Lopardo is also entitled to receive an annual incentive bonus. Moreover, Mr. Lopardo shall receive a total of six million shares of our restricted common stock.