Howdy NObby and Charry3. Remember that Jeff's company was reverse listed into a listed shell and his shares were escrowed. After many years of development with no income he was given no money for his company and was put on a very skinny salary. Having been in this position I can tell you it's bloody hard to manage the debt you incur over many years of developing a product and company and it is often absolutely necessary/critical to convert some equity once escrow allows it. I'd say $500K worth is restrained! Especially when you need to secure your family home, which is often the only way to borrow for business development. Don't be too tough on Jeff -the reverse listing deal done on OBJ didn't leave him any choice. At the same time, you can never go broke taking a profit Nobster. Merry ho ho all!
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