No, that is just "accounting", Univec doesn't owe
Post# of 85465
(Total Views: 492)
Posted On: 04/02/2024 2:06:10 PM
No, that is just "accounting", Univec doesn't owe that to the CEO.
Now I will answer your next question before you ask it. Yes he can forgive all HIS deferred salary. For every ones information, Dalton has never taken a salary out of Univec, not even 20 years ago, just look at the SEC filings on EDGAR and the financials today. So, yes he could take all the remaining authorized shares and forgive the salary debt. He actually did forgive some salary owed of $1.75 million, 183,173,158 shares on 9-12-22. Now, realize, he could have taken almost 2.5 billion shares then if he wanted to forgive all his debt owed but he DIDN'T. He could have diluted the crap out of the shareholders (him included) but he did not. He obviously felt he needed more shares than the 1.1 billion shares taken earlier (personal loan to Univec that he forgave) when he increased his modest holdings up to that point. Some would ask, why so many shares. Simple answer, does anyone expect Dalton to merge his private companies into Uniivec for free? So, those additional 1.83M shares tells me HIS companies became more valuable, so he needed more shares. But he did not dilute any more than he felt he needed. That tells me a lot.
Now I will answer your next question before you ask it. Yes he can forgive all HIS deferred salary. For every ones information, Dalton has never taken a salary out of Univec, not even 20 years ago, just look at the SEC filings on EDGAR and the financials today. So, yes he could take all the remaining authorized shares and forgive the salary debt. He actually did forgive some salary owed of $1.75 million, 183,173,158 shares on 9-12-22. Now, realize, he could have taken almost 2.5 billion shares then if he wanted to forgive all his debt owed but he DIDN'T. He could have diluted the crap out of the shareholders (him included) but he did not. He obviously felt he needed more shares than the 1.1 billion shares taken earlier (personal loan to Univec that he forgave) when he increased his modest holdings up to that point. Some would ask, why so many shares. Simple answer, does anyone expect Dalton to merge his private companies into Uniivec for free? So, those additional 1.83M shares tells me HIS companies became more valuable, so he needed more shares. But he did not dilute any more than he felt he needed. That tells me a lot.
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(1)Univec Conglomerate Inc (UNVC) Stock Research Links
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