Replies to post #15634 on Allenergy Inc (fka ALRY)

[OLWALRUS]

Thank you for your help and knowledge.

[waltczyk]

i agree fully but the problem is someone would have to believe that larry is working for free - which is a stretch, if he is no wonder this company is being mismanaged

and

if he is working for free that means he has vested interests with the company elsewhere which leads to related party transactions given he is the CEO - and we all know how those look in pinkie land

unless we think good ole larry is working to make us retail shareholders some nice change at HIS expense ( time is a great opportunity cost ). It does not make sense and as an accountant, you know that accounting is very very logical.

the scenario you brought up, is rare. NO ONE works for free for a public company. and if you followed the entire discussion, with olwalrus, you should of commented on the discussion of GAAP in general and not take a rare occurance of a ceo of a public company working for free.

thanks for the post - appreciated

[waltczyk]

based on my experience with privately held companies, a common scenario is that no salaries are paid to the owners and they cash out at dividend time to get the most bang for the buck. the legal structure to make this happen is set up beforehand.

privately held companies can have hundreds of scenarios which make ECONOMIC sense for the owners, to not draw a salary. your response to me is that larry receives nor is to receive any economic benefit. Do you really believe that?