Insider Debt Exchange For Shares..Means Shareholders Pays!! Hope everyone understands, these continuous activities by CEO, of accepting a so-called service of some kind and company having a debt to these insiders , including CEO, means Company saves of paying for it directly by cheque as an expense. Later the individuals receiving their shares, then turn around and sell them in the market and retail investors ends up paying that so-called debt for services.
This practice by CEO has been going on for a few years, CEO himself this year alone accrued Millions of shares thru his numbered company to the tune of over $500K, along with his management and also includes vendors that are forced to take this as an alternative to getting paid at all.
Investors should be outraged at this practice by this company. To think retail investors are paying for these services, is an outrageous thought and CEO must be called out. This will only continue, as this company goes thru this cash flow crisis.