I guess I should say that I believe he (Dr. Gross)
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Posted On: 01/19/2018 2:59:11 PM
I guess I should say that I believe he (Dr. Gross) was paid of back in 2015. There is no copy of the exhibit for the assignment agreement that they talk about in the 10K, so I don't know exactly what amount they compensated him for. Usually there is some exchange for the assignment shares, so based on that I presume he was satisfactorily compensated.
After they got the shares, they basically issued a 100mil common shares to neutralize them and that resulted in a big chunk of dilution, roughly $3.5 million worth to absorb the debt.
After they got the shares, they basically issued a 100mil common shares to neutralize them and that resulted in a big chunk of dilution, roughly $3.5 million worth to absorb the debt.
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