"Albion, who is also President of the company's primary holding, Racing Limos America, Inc., is reportedly due just over $250,000 in cash and incentives through the end of 2011. The Company is reporting that his 2012 compensation will be resolved by the end of the year. An agreement regarding the number of shares he is to receive has not yet been completed, but the Company says details will be announced when an agreement is reached, which should also be by or before the end of the year."
Wow!! Not a bad income for 1 year of doing 0 for the shareholders. Driving the stock lower and lower every day!!! Great work for a CEO!!! What about your past employees?? How were they paid if you never got paid? What about the past President Tyler Libby?? How was he paid? Those figures never showed up in past financial reports. How can you brag about profits if you didn't pay the employees. Now we find out the CEO is owed $250K??
Why do you keep mentioning that the company needs to decide. You are the only employee of the company. You are CEO, President, Vice President, Secratary and Janitor of the corporate single family home office in Dover, NH. Who are you talking with to make the agreement? Yourself??
Whats real scary to me is if you accept shares from your imaginary company employees that need to be consulted. The current value of a share (0.0002) would eat up the available shares plus. In order to pay him $250,000 for 2011 would be 1.25 BILLION SHARES @ 0.0002 and then he has to be paid for 2012????? We need more shares printed. IMO
If I'm wrong in my assumptions then would someone explain. Thank You
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