Replies to post #1594 on Matech Corp. (fka MTCH)

[bloodhound99]

steelerwheels

I believe the largest actual salary that was paid to Tony Cataldo (not counting perks and free, cheap, or fully diluted stock deals)
was paid to Tony Cataldo by James Brooks at BPTR to be his Co-Chairman. It was $ 400,000 a year. Yes it is the same James Brooks who recently "signed on" as a director here at MTCH

During Tony's stay at BPTR the stock price declined from $ .83 to about $ .10. Notably though it was only company he was with 2000-2008 that did not have a reverse split. I beleive it actually had one quarter of profit also.

BPTR presently sells for $ .03. Maybe Brooks needed a director's position from Tony with his company stock slipping to $ .03.

[voipy mcvoipster]

Tony's loan to GSTY is easy to figure out. He uses the company to incur a note payable to himself with exorbitant terms, no doubt.

Sade Pahahiwhatever-his-name is did the same with Volo. He lent about 350k to be paid back in a 2 week period with 5% interest, and option to convert into $500k worth of shares at par, should Volo be unable to pay on time.

A good question for Tony is what sort of conversion options does his note have, and what are the terms and rate of the loan? Maybe Tony needed to come up with payroll really quick.

Even if it means dipping into his own pocket, his motivations always lie in making a profit for himself first, ahead of the company's solvency.