the pacer paperwork i saw was that he would get 1.25% of stock in the first year or 100% of profits from kruse up to a certain amount. Granted i don't read those documents often and i don't have it right in front of me. It also on the 18th had a total of 88k in billable hours. 17k was accounted for and another 2500 was billed to the creditors. So i don't think his full payment is in stock.....again i don't know much about this and i got in this because my husband told me to and i do what i am told but i also did some research and like a devils advocate point of view so i don't get burned. We got in at .06 and i think it is great now! Wouldn't it be nice if we all knew what the future held so we could make the right decision now. I heard that common shareholders are the last on the list in these cases, but i rebuted and said tha they will remain in tact, however we only know that from one person and if it is worded slightly different like professional shares or something it doesn't mean squat for us....I know that i don't know a lot about this i am just learning. i would just love to know some insight on that side of things.
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