InvestorsHub Logo

Rayland

06/08/10 8:10 PM

#90330 RE: beastieboy #90329

beastie, thanks for the update

prsch3259

06/08/10 8:11 PM

#90331 RE: beastieboy #90329

Well if that is true, then a R/S is guaranteed for the shareholders.

khesanh

06/08/10 8:32 PM

#90335 RE: beastieboy #90329

Well, on a positive note, Frank Rawson has to achieve uplisting before he can cash in on any of his shares, overhead for the new employees are pretty much covered and we can only hope that the restrictions on the new shares are contingent upon performance to promote ingenuity, creativity, and progress. Hey, the stocks are only worth what the market dictates so what better incentive than to make them create their own raise?

GreenGro

06/08/10 8:37 PM

#90336 RE: beastieboy #90329

Thanks beastie. That certainly takes some sting out?

malt66

06/08/10 8:38 PM

#90337 RE: beastieboy #90329

That's a face rub if I ever seen one. OK, Rawson is basically saying screw you, shareholders, we're going to give our selves 150 in restricted but we don't really care if the sp crashes. Hell, they're burning through cash faster than that PBR can leak and they issue themselves stock. Who's going to get these RS? Probably split between Fishy, BG, Rawson, Monique, right. Those college kids working their buts off aren't going to get a penny. Hell, if they can keep the sp at .001, they still sell out at spiffy $150 grand while the shareholder is stuck holding worthless junk.

Pink sheets 101

eminem

12/17/10 10:37 PM

#105419 RE: beastieboy #90329

I spoke to Frank Rawson today.

A few things to share, but literally have to run out of the office here for a meeting I'm late for, so I'll make it brief for now...

150,000,000 of the new shares are for employee options. Meaning restricted shares for new employees.

Franks own current restricted shares are released at a rate of 20% a year over 5 years. Those shares are already accounted for in the O/S. His first option for his own shares kicks in at the end of this year, but he won't get that 20% unless he achieves his main objectives for the year.

One of those objectives is uplisting.

More later... have to run.



Beastie. I don't wish to mean here (I really don't). But I know that you were an adamant believer, clearly uplisting never occurred (another Fisher promise aka lie) so he didn't meet his objective, also Frank quit so he won't get a thing (plus the fact that at current prices the shares ain't worth sh%t anyway). Do you know believe any of this crap - I know you followed from the SJC days - so your perspective is interesting.