leadership
confidence high
sentiment neutral
materiality 0.55
Genvor formalizes Interim CEO Judith Miller's compensation with cash and milestone warrants
Genvor Inc
- Cash fee of $20,000/month retroactive to June 20, 2023, accrued if funds unavailable.
- Warrants for 350,000 shares at $0.001/share upon execution; additional warrants up to 1.5M shares on milestones.
- Milestones include OTCQB clearance, scientific study results, working agreement, resolution of claims against Bradley White, hiring CEO, and $3M min raise in secondary offering.
- Warrant issuance conditioned on average daily trading volume of at least 1,000 shares for 5 consecutive days.
- Upon full-time CEO appointment, Miller becomes executive consultant for 6 months at $10,000/month plus 25,000 warrants/month.