It is quiet common for directors to get paid NO CASH just company shares......really you see if the director "directs" the company in the right direction the share price will go up he will sell some and that is the wage if you want to call it that, that he is paid for his services. We currently sell no products the only way to get money to complete trials it through grants, issuing shares, or loans....
1. Don't look to Yahoo for the insider or "institutional" owner stats. For companies on bigger exchanges, that information might be better, but for OTC stocks, generally, it seems like the information is often inaccurate. Look to the SEC filings. There is always a section addressing this issue. I think 3% seems unlikely and lower than reality. It may be based on very old numbers. This is just IMO.
2. Directors, just like everyone else, do not provide their efforts just to be good people, of course they get compensated, just like everyone else. None of the share allocations, given the numbers of shares outstanding, IMO, sound at all unusual to me, given my own understanding of practices with start-ups and small companies. This again, is in my opinion (IMO), but the muckraking about sales of shares and allocations of shares is just noise. It has no fundamental basis for suggestions of impropriety, at all. Again, all IMO, and I don't claim to be advising anyone, this is after my own due diligence and knowledge about what generally is done.
Key points: Never assume anything posted by an anonymous poster, including me, is unbiased or factually correct. Always do your own due diligence to verify such statements to your own satisfaction. I do own substantial shares in this company. I do not recommend that anyone own this or any security. I am not a licensed financial advisor. Please be sure to consult a licensed financial advisor before you make any investments, at least as to proper allocation of funds, risk profile of your portfolio, etc. Good luck everyone.
Noooooooo wayyyyyy really........I had no idea it was a gift really?? I'm sure it has nothing to do with the fact he is a director....compensation??? no a gift that's it maybe they will give me some too..