Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Banned.......Replies to the A@P thread. -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (3564)	4/19/2005 6:24:54 PM
From: Janice Shell	Read Replies (1) \| Respond to of 5425

Well hey, what's the point of being a CEO if you don't get a HUGE salary? IFTA was one of my favorites. Management would issue itself options, then convert and register them using an SB-2 and sell 'em into the market as a "private placement", which it was not. They also used to lend money to the company at an interest rate of about 300% (though they usually didn't let the loans run for more than a few months). But when they borrowed money from the company, which they often did, those loans were interest free. And when they paid back the loans, they did so with stock.