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This was also buried in the Employment Agreement, so there is clearly a pretty good merger or acquisition coming here IMO. Whether its Ultimate Gamer or CoreSpeed or something else......who knows....very interesting though.
(f)The Company agrees that should an Uplisting occur during the Employment Period or within 90 days after the Employment Period (provided that Executive’s employment did not terminate due to Cause or without Good Reason prior to the Uplisting), (i) the Company will pay the Executive a one-time bonus of $1,700,000, and (ii) this Agreement, the Base Salary and Incentive Compensation will be reviewed by the Compensation Committee of the Board, if one exists, otherwise by the Board, in coordination with any Uplisting. Any bonus payable in connection with the Uplisting pursuant to this Section 3 will be paid within thirty (30) days of the Uplisting. Any such payment will be considered an advance against earned Incentive Compensation.
8K out today, John Linss and Anthony J. Fidaleo new company officers. Seems like a change of control or business direction is likely IMO as they are getting paid huge salaries for what looks to essentially be a shell company, or one with pretty minimal operations.
Everyone seems to be connected to an interesting looking company called Ultimate Gamer, LLC.