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None of the updates align with the 10K disclosures

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Post# of 43066
Posted On: 07/02/2014 9:17:29 AM
Posted By: It takes a brain
None of the updates align with the 10K disclosures

Quote:
If the "engineering team" is to benefit from such a sale that agreement would have to be publicized to shareholders so that they are aware of the terms. Would shareholders be happy that on the first sale the engineering team gets 80% of the proceeds upon a sale?

You might ask why would they ever get such a ridiculous cut, for all shareholders know the equipment was fixed under future terms of sale on one processor and that their payment is tied to such a sale.

As many have pointed out however, the PR is so vague in it's details that none of it can be taken for face value. Where did the money come from that the 10K said wasnt there? If they signed another finance deal where are the disclosures? the money had to be in place to fix the equipment many weeks ago, so if they were handed $300,000 in exchange for shares where is that agreement?

None of the updates align with the 10K disclosures.




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