Post by
Jackson2774 on Oct 30, 2020 12:04pm
Outrageous
Last time I reviewed the annual statment, Jim Hutchens was paying himself over $1,500.000+
per annum AND, that has been going on for the last several year... not bad for a penny stock... 0.025 before the 20 to 1 rollback. Shareholders never had a chance.
Comment by
Predator2018 on Oct 30, 2020 7:46pm
The old man used IME as his PENSION FUND. Lots of money flowing to related parties for consulting fees, administration fees, legal fees, accounting fees, etc. It is BAD!!!
Comment by
Predator2018 on Oct 30, 2020 7:52pm
WITH NO CASH FLOW and No approved product to sell, I wonder how they would be able to raise the cash to pay $300K yearly interest on the $3 million convertible debt at 10%. This would put more pressure on this penny stock non viable company. Without cashflow and the CEO bleeding massive cash on salary, you are looking at a burn rate exceeding $100k monthly. This bird is dead!!