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LaserLock Technologies Inc. Message Board

  • derek_ladique derek_ladique Nov 6, 2013 7:44 AM Flag

    Pathetic sales and warrant trap

    So VerifyMe gets 22,222,222 shares under warrant agreement for the princely sum of $1M. So, they can cash them in periodically since they only cost them about $.045. Our other "partner", Zaah, gets the same deal with 4,444,444 shares. Meanwhile, and I'll quote this, "we're a development company and have not generated significant revenue since our inception," language from the 10Q borders on embarrassing. But this incredible lack of performance does not deter our 2 leaders, Alpert and Gardner, from acquiring stock based compensation of over $7.5M in 2013. Here's the real damning details though. So far in thru 6/30/13, our TOTAL. and I repeat TOTAL, sales are $3,140!!! Remarkably, we're DOWN from last year's down figure of $13,740 for 6 months. One might ask, "how is all this dismal performance possible if we have qualified management and active sales/marketing folks?" To be asked in December.....

 
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