Phoenix

vice president-business development for terminals and depots.

estimated the compensation of -

by the fact that as of Dec. 31, 2018, Phoenix Petroleum has granted un-

common shares, which a company’s placed as equivalent to 0.34 percent

common shares.

The percentage equivalent would have been laudable except for the fact that Phoenix attributed to the -

common shares, or 13.30 percent. Incidentally, the recipients of

Uy and the company’s “top four executives and all current executive

As shown in Phoenix’s informa-