You apparently missed 75% of the information in that 8K, choosing to comment on the board's employment contract with Frasier. Every board has the same in all companies. Bonuses, options, parachute are all boilerplate components of such contracts.
Now what do you have to say about the rest of the 8K? What about first 3 paragraphs on Woven Digital. What about hire of Reilly? What about this whole section on DeFranco below? Sounds like a business ramping up.
Appointment of Secretary
On October 17, 2014 Craig DeFranco was appointed Secretary of the Company. Mr. DeFranco has been the Company’s Controller since July 2012. Mr. DeFranco has over 25 years of experience, both public and private, in corporate finance, accounting and reporting. From May 2008 through August 2010, Mr. DeFranco was Chief Financial Officer of British American Auctions, LLC, a world-wide purveyor of fine art and collectables.
From July 2004 to October 2010, Mr. DeFranco was SVP Finance and Corporate Secretary of Edentify, Inc., a leading provider of identity theft solutions throughout the United States.
From 2002 to 2004 Mr. DeFranco was Division Controller of HMX Sportswear, a subsidiary of Hartmarx Corp., a former Fortune 500 company. The HMX Sportswear division manufactured the sportswear lines of Jack Nicklaus, Ted Baker, Pringle and Austin Reed sportswear in addition to various accessories.
In addition, from 2001 to 2002, Mr. DeFranco was Chief Financial Officer of Across Frontiers, Inc., an international media company based in New York specializing in the development and distribution of educational DVD’s focusing on the cultural nuances of other countries to assist business travelers acclimate themselves to customs and practices while visiting abroad.
Mr. DeFranco is a graduate of Villanova University with a B.S. in Accounting and a certificate in Criminal Justice. DeFranco has also completed course work in executive communication from Penn State University and Six Sigma from Villanova University. Additionally, DeFranco was nominated to the Pennsylvania Pharmacy Licensing Board by Governor Tom Corbett and approved by the Pennsylvania Senate in 2014.
Appointment of Secretary
On October 17, 2014 Craig DeFranco was appointed Secretary of the Company. Mr. DeFranco has been the Company’s Controller since July 2012. Mr. DeFranco has over 25 years of experience, both public and private, in corporate finance, accounting and reporting. From May 2008 through August 2010, Mr. DeFranco was Chief Financial Officer of British American Auctions, LLC, a world-wide purveyor of fine art and collectables.
From July 2004 to October 2010, Mr. DeFranco was SVP Finance and Corporate Secretary of Edentify, Inc., a leading provider of identity theft solutions throughout the United States.
From 2002 to 2004 Mr. DeFranco was Division Controller of HMX Sportswear, a subsidiary of Hartmarx Corp., a former Fortune 500 company. The HMX Sportswear division manufactured the sportswear lines of Jack Nicklaus, Ted Baker, Pringle and Austin Reed sportswear in addition to various accessories.
In addition, from 2001 to 2002, Mr. DeFranco was Chief Financial Officer of Across Frontiers, Inc., an international media company based in New York specializing in the development and distribution of educational DVD’s focusing on the cultural nuances of other countries to assist business travelers acclimate themselves to customs and practices while visiting abroad.
Mr. DeFranco is a graduate of Villanova University with a B.S. in Accounting and a certificate in Criminal Justice. DeFranco has also completed course work in executive communication from Penn State University and Six Sigma from Villanova University. Additionally, DeFranco was nominated to the Pennsylvania Pharmacy Licensing Board by Governor Tom Corbett and approved by the Pennsylvania Senate in 2014.
"A man sees in the world what he carries in his heart" ** Johann Wolfgang Von Goethe
"Never does a man portray his own character more vividly, than in his manner of portraying another" -- Richter
