Speaking of anonymous.....anyone know who the un-named officer is who will get $192k in a lump sum when they stop getting their $8k a month for doing ''consultancy work''? End of the financial statements:
Effective March 1, 2011 and amended February 1, 2012 and March 1, 2015, the Company entered into a consulting agreement with an officer of the Company. The fee for consulting services is USD $8,000 per month. Either party may terminate this engagement by giving four months’ notice to the other subject to certain provisions of the agreement. This agreement also requires that if the agreement is terminated by the Company upon or following a change in control or change of management the Company shall make a payment to the consultant of USD $192,000. As a triggering event has not taken place, the contingent payment has not been reflected in these consolidated financial statements.