That phone call to Engel is pure heresay, btw.
I did not speak with him, although I have exchanged some emails. He was not speaking very much - which is what I would expect.
However, it is promising that I discovered that Engel, the CEO, actually owns very little of ZVTK (less than 1 percent).
Engel is working for ZVTK under a contract that does not make heavy profit until the company is profitable. He gets $120K per year (and last year he also received stock bonuses worth about $11K).
His big payoff is in an OPTION to purchase 3.6M shares of ZVTK for .01 a share. (and he can only buy it at a rate of 100K shares per month).
Now, that option ONLY has value if ZVTK goes above .01 - and it doesn't have a really GREAT benefit unless the stock goes way above .01 (say 50 cents). If ZVTK were to ever reach 50 cents, then Engel's option which be worth about $1.8M.
In other words....it is in the CEO's benefit that the stock price continues to go UP, because that is how he gets to make any real money....and he has to KEEP it up, because his option only allows him to purchase 100K shares per month, so it will take him 3 full years to exercise his option.
Now THAT is a great sign of a company that is being run by a CEO who has a direct link to his income, based on how high he can make the PPS go.
If anything, THAT is the best reason to invest long in ZVTK.
In my opinion, that is.
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