These two are nothing but crooks, lining their own pockets and giving themselves "golden parachutes" on the back of the investors. One needs to seriously get there head checked to be investing in to a billion dollar dept with these two running this circus, do your own due diligence!!!
"Employment Agreements
The Company also wishes to announce that it has entered into new executive employment agreements with John Jeffrey, President and CEO and Justin Kaufmann, Chief Development Officer. Messrs. Jeffrey and Kaufmann’s legacy employment contracts, which were entered into when the Company was of a significantly smaller scale, provided, among other things, for a lump sum payment of 5% or 2% of the market capitalization of the Company on certain termination or change of control events. As the Company has grown, these payments were viewed by the board as “off-market” and new employment agreements have been negotiated. In consideration of foregoing these legacy contracts, the Company has entered into new agreements with Messrs. Jeffrey and Kaufmann providing for the issuance of performance warrants. Messrs. Jeffrey and Kaufmann will receive 5,000,000 and 2,000,000 performance warrants (respectively), exercisable for common shares with an exercise price of $2.50 each and vesting as to 1/3 when the Company’s share price equals $4.00 per share, 1/3 at a price of $6.00 per share and 1/3 at a price of $8.00 per share with a 7 year term. The new contracts provide for a minimum payment on severance or change of control of $5,000,000 or $2,000,000, respectively, less the value of any “in-the-money” performance warrants at such time"