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Re: BoredPoster post# 981

Wednesday, 10/19/2016 5:12:43 PM

Wednesday, October 19, 2016 5:12:43 PM

Post# of 1166
Hi
FYI: not sure if it is relevant to your discussion but barren was terminated by MLHC over a year ago:

Here is the 8k filed on 9/30/15


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(a) Termination of a Director and CEO

On September 24, 2015, at a special meeting, the board of directors (the “Board”) of M Line Holdings, Inc. (the “Company”) terminated the services of Bruce Barren as CEO and a Director of the Company for cause.

Mr. Barren was appointed CEO in August 2013. There has been a lack of disclosure of information by Mr. Barren particularly over the last few months and the Board believes this might impair his ability to perform his duties and as a result negatively impact the Company.

Furthermore, his relationship with the Company’s lenders including the Company’s current primary lender has deteriorated to such an extent that it will no longer do business or negotiate in any manner with Mr. Barren.

The Company is providing Mr. Barren with the opportunity to furnish the Company, as promptly as possible, a letter addressed to the Company stating whether he agrees with the foregoing statements made by the Company under this Item 5.02 and, if not, stating why he does not agree. The Company will file any such letter received from Mr. Barren as an exhibit by amendment to this Form 8-K within two business days after receipt by the Company.

everything I say and have said is just my opinion

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