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Anyone see the 8K.... Re Employment Agreement
Effective April 1, 2012, the Company entered into employment agreements with Kent A. Strickler, appointing him Chief Executive Officer and President of the Company, and Douglas R. Johnson, appointing him Chief Operating Officer, which agreements contain the same terms and provisions. The agreements provide for an initial term of three years, ending on March 31, 2015. The agreements also provide for an annual base salary of $180,000. The executives shall be issued immediately, upon approval by the board, a commitment bonus of 10,000,000 shares of the Company's common stock. The Board of Directors may provide, in its discretion, an additional bonus to the executives.
The Board may, in its discretion, approve the issuance of stock options or grants to the executives. In the event either of the executives is terminated by the Company without cause or due to the executive's death or disability, the Company shall amend any then issued stock options granted to the executive to permit full vesting and full exercise thereof. In the event either of the executives terminates their own employment for "good reason", they will receive the same treatment as if they were terminated by the Company without cause.
In the event one of the executives dies during the term of the employment agreement, the Company shall pay to the deceased executive's heirs or personal representatives the executive's then due base salary and accrued but unused vacation pay. Any additional compensation then due will be paid to the deceased executive's estate.
The foregoing description of the employment agreements do not purport to be complete and are qualified in their entirety by reference to the agreements which are attached as an exhibits to this Current Report and are incorporated into this Item by reference.
ad this
I noticed he had not posted in a bit. RIP!!
are you trying to inflate the share price with those comments?? ;)
Check out the Board Chairman of RPX, that should tell you a little something. All the best!! M
I wouldn't mind getting out @ 0.44...hope it will be more! Looking forward to some good times ahead.
wash, rinse, repeat...just like your posts. please come up with some new material. Thanks!
Yikes.....Im getting close to break even time!!!! We need a lot more volume. Good luck all!!!! M
A little volume & price...I like that!
I saw that too, just checked again and it is gone. We have 100K at the bid 0.0041
Hope we see some good news soon!!! Good luck everyone. M!
If the announcement had any weight to it this would be going through the roof, MHO. Just don't think a 3-4 cent pop over the course of a couple weeks is an indication. Hope I am wrong. Good luck to all who have stayed the course!! M!
I rarely see a stock run like this = Like what?? Its @ 0.13 and you bought around 0.10. Don't understand your comment. I've been here a long time, and still own my shares.
Lets hope we get some good news soon!! Good luck all. M!
What a rotten time of year for that to happen. I feel for his family.
Where have I read this post before??
Who cares.
How many shares do you have?? LOL
Soon, IMHO.
Looks good today.
Share Structure
85,786,000 as of Mar 3, 2011
94,087,000 as of Aug 6, 2011
175M A/S
67,700,000 Restricted Shares
17,700,000 Float
Boy what a share selling machine. Get real.
Turn those machines back on.....
.the only issue I can see does he have something viable here he can sell? Why would we he (FLOM) still be with WLGC if there was nothing to sell? Would you please!!!
Rinse repeat. Give us something new, all you ever do is repeat your negativity. If I was that unhappy I would not be invested in any stock. I don't think you are invested here but that's a conversation for another day.
Another piece to the puzzle. Its getting more interesting by the minute!!!!
Thanks for your input Sky, good to see you around.
Ya but he called Frank!! LOL Great post, it was spot on.
From PR = Alan Fisch, ESQ, a partner and co-chair in the Kaye Scholer Intellectual Property Practice will serve as lead counsel.
I asked him to verify that KS IS NOT doing this on contingency as he claims, and yes I agree there is no way a law firm such as KS lets a pink stock use there name. Good luck all!! M
The KEY WORD here is RETAINED!!!
from Fisch, Alan AFisch@kayescholer.com
to XXXXXXX
date Tue, May 3, 2011 at 4:59 PM
subject RE: Information
mailed-by kayescholer.com
hide details May 3 (6 days ago)
Dear Mr. XXXXX,
I confirm that Kaye Scholer LLP has been retained by WordLogic.
Take care,
Alan
From: XXXXXXXXX
Sent: Tuesday, May 03, 2011 7:21 PM
To: Fisch, Alan
Subject: Information
- Hide quoted text -
Dear Alan Fisch
I came across a company that released a PR that says you are advising them on behalf of Kaye Scholer and have attached the link from Yahoo finance at the bottom of this email. As part of my due dilligence Im a just requesting if you can verify or deny that the company Wordlogic is in fact being advised by you and Kaye Scholer. I appreciate your time and any response back to confirm your relationship.
http://finance.yahoo.com/news/WordLogic-Selects-Kaye-pz-3507500764.html?x=0&.v=1
Regards
XXXXXXX
if this was an open and shut case as others make it sound we would have found an attorney or firm to take this on a contingency and we have not.. = How do you know that Kay Scholer IS NOT doing this on contingency??? You made the statement now back it up!!!!
Your answer shocked me.
Answer = TransGlobal Assets Announces $2 Million Financing From Kodiak Capital Group, LLC
We have to remember these have reoccuring revenue's attached to them. Not really sure what the value is but it ain't gonna come cheap.
Big pump and dump here, that 75 Mil O/S is too much to handle. You gotta be kidding me right!!! Oh ya 31 mil restricted, Oh my there robbing the place blind.
Apple & Rim buying Nortels Patents for 4.5 Billion WOW!!!
What DD have you done?? Why ask everyone else?? Looking forward to a nice month of July!! Go TMSH.
I think you will WLGC beside all those names soon enough.
Nice little move today.....just the tip of the iceburg.
FTC to deepen Google probe: report
NEW YORK (Reuters) – Google Inc is about to receive the civil equivalent of a subpoena from the U.S. Federal Trade Commission as part of a probe into the giant Web company's Internet search business, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The company, which dominates U.S. and global markets for search advertising, has been accused by competitors of favoring its own services over rivals in its search results.
Google, the world's No. 1 search engine, and the FTC declined to comment on the Journal report.
The FTC plans to send the civil investigative demand with a request for more information, the civil equivalent of a subpoena, within five days, according to the report.
U.S. antitrust regulators have been concerned about Google's dominance of the Web search industry, and it has been under investigation by the European Commission since last November.
Complaints has been filed with regulators on both sides of the Atlantic, many from Google rivals who specialize in vertical searches like price comparison websites, which are widely seen as a threat to Google's position as a key gateway to online information.
"The distraction that comes from a federal investigation should not be underestimated," Colin Gillis of BGC Partners said, noting that one of Google's best options to grow -- by moving into adjacent markets -- was being hampered by antitrust probes.
Gillis noted that the real cost of the FTC investigation was not financial. "The issue comes down to management distraction, that's a real cost," he said.
Google has been in a stock slump. Share prices began the year a touch above $600, but are now below $500. Google was trading at $476.60 on Thursday, down just more than 2 percent.
Google has weathered other antitrust setbacks. The company walked away from a search deal with Yahoo! Inc in 2008 when the Justice Department signaled it was prepared to challenge it.
A New York judge has said that a deal Google had made with publishers and authors to create a massive digital library was illegal, partially because it effectively gave Google the rights to books that are in copyright but whose authors cannot be found.
(Reporting by Bill Rigby and Diane Bartz; Editing by John Wallace and Maureen Bavdek)
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