Analyst Summary
- Cecil Bond Kyte will continue to serve as CEO and CFO.
- Base salary of $35,000 per month.
- Retention bonus of $1,557,500 payable in three installments, contingent on the company’s financial condition and specific milestones.
- Stock options granted: 20,817,500 shares at $0.03 per share and 3,500,000 shares at the OTC pink sheet price.
- Renewal option for 3,500,000 shares annually at the OTC pink sheet price.
Potential Implications
Stock Price
- Issuance of stock options could dilute existing shareholders.
- Positive sentiment due to retaining key executive.