Performance Bonus for CEO Dec.31 '17 of 840,000 Shares
As of the date of this news release (November 7, 2017), a total of 2.1 million performance shares remain subject to escrow, of which 840,000 performance shares are held by the company's chief executive officer, Brad Eckenweiler.
Milestone Number of Shares to be released USD $50,000 in cumulative gross revenues 1,500,000 (Already Released)
USD $200,000 in cumulative gross revenues 2,100,000 (Already Released)
USD $600,000 in cumulative gross revenues 2,100,000 (Already Released)
USD $1,000,000 in cumulative gross revenues 2,100,000 (not released yet).
On April 30, 2017, the Company extended the period eligible for release of shares based on achievement of Milestones from 24 months to 30 months or December 31, 2017.
There is no way the CEO is going to let these bonus shares he is entitled to if they hit $1,000,000 by December 31, 2017, not get released. They'll hit $1,000,000 no problem.