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Kgem

04/09/13 1:02 PM

#117176 RE: Lumberg #117173

You are welcome Lumberg, and there is so much more. Some claim that William stepped down as CEO recently from several of his companies, and this is true. The thinking (apparently) is that William can or will spend more time on MMTE to make it successful. However, if one looks at William's record, he often returns as CEO to these very same companies. And, when he does return, he typically pays himself lavishly for past salary and consulting fees --- to the tune of MILLIONS OF DOLLARS. Where does the money come from that pays for his lavish lifestyle you ask? Well, his companies do not make money, his agreements mostly fall through, and his mergers and partnerships seldom or never take place. Thus, the money he pays himself comes from the pockets of investors, the oh so faithful who support his lavish lifestyle. All this information is clearly documented in public filings.