Thursday, November 25

Gillispie has a verbal agreement to take $1M out of the company at will

AEHI Truth has a nice article including an email exchange with AEHI's representatives.


"Mr. Gillispie started the company out of his own retirement funds and the board has agreed he is entitled to be re-reimbursed in cash over $1 million if  he wanted to take it for startup costs and also, he worked the first 5 years like the directors without a salary."

Potential investor:

"Is the potential cash reimbursement of over $1 million shown as an amount due or account payableto an officer of the company?"


"No, it was an offered orally, but he never claimed it so it is not on the books as the company needs the money….this company is like his son..everything to help it succeed…"

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