Far East Energy Corp. (fka FEECQ)

[hebercreeper]

No, just a change in wording from "reduction" to "material reduction" though I'm not sure how much of a pay-cut it would take to be "material".

Also, an update to shift tax burden of Mike's potential golden parachute from him back to the company, if I'm not mistaken.

Regardless, I think there will be a change of control. Mike has just set himself up to bank nicely even if not on his own terms. Just as sad, the board is complicit.

Would sure suck to see a 75/25 or 80/20 farm-out in which Mike still makes $500k a year for doing nothing.

Of course, and still a possibility, if the entire company is sold for .15+, I will take back every bad thing I ever said about Mikey:)