GREY:ALXDF - Post by User
Comment by
DivorcedDad40on Jun 14, 2018 1:41pm
74 Views
Post# 28173127
RE:RE:RE:RE:RE:RE:Ask Me Anything - Eric Owens
RE:RE:RE:RE:RE:RE:Ask Me Anything - Eric OwensEO... your response is missing the first part of the qquestion... how much was dan goin to make?
Q: Dan Palikrousis (brother of Mary Vorvis, former VP of AZX): How much commission he would make from the ~$20M PP that was arranged without the approval of the current BoD. Is this entire financing arrangement still in force, or has it fallen apart? It has been reported that (by the current management) that $5M of the total package of $20 has been kept, in trust, by your (EO) personal lawyer. What has happened to this sum of money? Has it been returned to the potential investors?
A: You ask a really important question about the collection of funds and where they were kept, this is something that I have wanted to address. All funds were deposited in a trust account in Alexandria’s name at one of the biggest law firms in the country, Norton Rose, who established the account for the express purpose of holding any funds collected in support of this round of financing. Because of the short sighted decisions of current management, all that much-needed financing has now been returned.