Friday, January 16, 2015 11:11:17 AM
"...WOGI will also take measures to retrieve the balance of the shares or portion thereof Mr. Clarke walked away with from the transaction. In fact last week, after communicating with the transfer agent the Company was able to place a restriction back on a portion of shares and keep them out of the market. ..."
But he's not a consultant:
"...effective January 2, 2015 WOGI has canceled all consulting agreements. The decision was made to cancel the agreement because the parties were unable to perform the services outlined in the agreement. Thereby, WOGI was not receiving fair value for in exchange for the contract. ..."
And there are no more shares:
The cancelation will save WOGI $15,000 per month and 1 million stock options a quarter that where to begin on July 1, 2015. The Company has not paid anything towards the consulting agreement and has no intention of paying anything. ..."
http://ih.advfn.com/p.php?pid=nmona&article=64980433
Good riddance IMO.
The paradox of iHub: buy high, sell low
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