Oooh, my bottom line (and my laptop) ...
... don't feel so good. As to the bottom line, well, for one, it will be red forever ...
IN SUMMARY
They are now obligated to issue, or have issued, 965,000 ESVS shares, or about 18% dilution of 5.2 Million. They are also obligated to pay $70,000 per month(!!!) for the next FIVE years, just on these three "consulting" agreements alone, for GREAT WORK already performed!! ... wither the Rolling Rock Fleeceme..ah, Agreement? ... and, they have to maintain the offices of the two consultants (one East Coast, one West, of course) to the tune of $186,000 per year ... oh yes, and jet Mr. Flyboy between the two First Class!!
And those laptops, after that little lapdance?
Never mind executive (take the money and run) compensation packages, reviewed previously. All in all, these three new agreements cost very roughly a million shares and 5 Million dollars for advice received to date ... advice to poor old laptop repairman ESVS on how to "learn the ropes" on the Internet. And great advice it was, 'cause look where they are now! As promised and delivered ...
On the Ropes!!
Salaries? Shareholder Distributions? Don't ask, they got no money! |
