Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This is a sample of an agreement that should be on file especially when used for a public traded company:
ADVISORY BOARD AGREEMENT
This Agreement is made by Avenue A, Inc. (“Company”), a Washington corporation and Jack Sansolo (“Advisor”), and is effective as of May 1, 2002 (“Effective Date”). Company and Advisor agree as follows:
Section 1. Engagement of Services
Company has requested Advisor and Advisor has agreed to act as a member of the Company’s Advisory Board. As such, Advisor shall use reasonable efforts to attend meetings as requested from time-to-time by the Company’s CEO and to render advice on issues discussed at such meetings. In addition, Advisor will consult on general Company strategy, new business development, potential acquisitions and advise the Company’s CEO and Board of Directors on ad hoc matters (the “Services”).
Section 2. Compensation
In consideration of the Services, Company will pay Advisor a retainer of $20,000 for the period ending one year from the date of the Effective Date (“the Term”). This sum shall be compensation for up to ten days of meetings during the Term. The time and place of such meetings will be designated by the Company’s CEO and shall be subject to the availability of Advisor. All services provided by Advisor in excess of ten days per year shall be compensated at the rate of $2,000 per day or $250 per hour. In addition, Advisor will be reimbursed for his reasonable expenses incurred in rendering the Services. The retainer shall be paid promptly upon signing of this Agreement. All other amounts will be paid within 30 days of the Company’s receipt of Advisor’s invoice.
Section 3. Confidentiality
3.1 Confidential Information. As used in this Agreement, “Confidential Information” means all nonpublic information disclosed by or relating to the Company that is designated as confidential or that, given the nature of the information or the circumstances surrounding its disclosure, reasonably should be considered as confidential. Confidential Information includes, without limitation, (i) all nonpublic information relating to Company’s technology, customers, business plans, promotional and marketing activities, finances and other business affairs, and (ii) all third-party information that the Company is obligated to keep confidential. Confidential Information may be contained in tangible materials, such as drawings, data, specifications, reports and computer programs, or may be in the nature of unwritten knowledge.
3.2 Exclusions. “Confidential Information” does not include any information that (i) is or becomes publicly available without breach of this Agreement, (ii) can be shown by documentation to have been known to Advisor at the time of its receipt from the Company, (iii) is received from a third party who did not acquire or disclose such information by a wrongful or tortious act, or (iv) can be shown by documentation to have been independently developed by Advisor without reference to any Confidential Information.
3.3 Use of Confidential Information. Advisor may use Confidential Information only in pursuance of his relationship with the Company. Except as expressly provided in this Agreement, Advisor will not disclose Confidential Information to anyone without Company’s prior written consent. Advisor will take all reasonable measures to avoid disclosure, dissemination or unauthorized use of Confidential Information, including, at a minimum, those measures it takes to protect his own confidential information of a similar nature. Advisor will segregate Confidential Information from the confidential materials of third parties to prevent commingling.
Section 4. Insider Trading
Advisor acknowledges that he has read the Company’s Insider Trading Policy, a copy of which is attached as Exhibit A, and that he understands his obligations under, and the restrictions imposed upon him by, such Policy.
Section 5. Independent Contractor
Advisor shall be an independent contractor in the performance of the Services. This Agreement shall not be interpreted as creating an association, joint venture, or partnership relationship between the parties or as imposing any employment, or partnership obligation, or liability on any party. Advisor shall not be entitled to, and shall not attempt to, create or assume any obligation, express or implied, on behalf of Company. Company shall have no obligation to withhold or pay income tax, workers’ compensation, pension, deferred compensation, welfare, insurance, and other employee taxes on behalf of Advisor.
Section 6. General Provisions
6.1. Term. This Agreement is effective as of the Effective Date and will continue for a term of one year, to renew annually automatically, unless terminated by either party with 30 days notice.
6.2 Governing Law. The laws of the State of Washington shall govern this Agreement.
6.3 Entire Agreement. This Agreement sets forth the entire understanding and agreement of the parties as to the subject matter of this Agreement. It may be changed only by written amendment signed by the parties.
AVENUE A, INC.
JACK SANSOLO
By:
Signature:
I have to disagree Zinc.
If it was such a newsworthy event to add Dr. Kaplan to the advisory board then it should be just as newsworthy if he was not. I and probably many others made or increased investments in KBLB stock based on this information and PR. I promise you that I added to the tune of 250K shares.
Maybe find out from that source (Marketwire) who told them.
Did Kim actually facilitate the PR?
Are there any forms that should have been signed between KBLB and Dr. Kaplan?
JB, waiting for confirmation as I will buy back in if the information is false.
SW said he was out of posts for the day. I did confront him on this issue but need confirmation as do others I'm sure. I know of several individuals that have written emails to all parties at this point.
I feel that if the information is false then Silly Wabbit should be banned from IHUB. If the information is legitimate and true then.....well, Let's find out.
I've gone MOJO and maybe I'm a Silly Wabbit but I have liquidated my holdings in KBLB.
This is just too flaky for me. I have never questioned the science but had my serious doubts about the used car type financing and the people that run it. Not waiting for confirmation as I like to be ahead of the eight ball. If the information is false then I can always buy back in and not worried about "loosing out or missing the boat". There are other ships in the sea and this is a slow boat running on a weak motor. On the other hand if the information is correct then Kim Thompson knew it all along and said nothing. How could a genius not know about a company he is in 100% control of. I increased shares based on this information as did others I am sure.
I am simply stating what I have done. I will await proof in the matter.
Thank you for the response as it is a serious issue.
Did you fabricate this whole story?
And that is a serious question.
Isn't that fraud?
Didn't KBLB/Kim Thompson state that he is on the board of directors?
Wouldn't this fall under misleading investors?
Agreed, I truly believe Hotstocked is biased and tries to generate grief.
BTW thanks for confirming my gut feeling.
("Often the "gut" is right but for reasons that the conscious mind finds difficult to accept (which is why it comes "from the gut").
Don't shot the messenger.
http://www.hotstocked.com/article/15892/shareholders-may-be-losing-confidence-in-kraig.html
This is why my gut told me to sell shares yesterday.
I am not a trader or chartist nor am I savvy in the art of trading but I have a strong gut and street smarts. They both told me to pull back. I exercise to clear my mind yet the feeling remained the same. I sold 50% and slept very well last night. I know you want me to sell it all MOJO but that's not going to happen for me. I will always keep my foot in the door.
I'm always learning but certainly wising up. I expected to loose money while learning the ropes and have on occasion but that is my price for an education and yes ignorance. Time will tell if my path is true.
Yes, we must give credit where it is due.
Saint is a good guy.
I believe his dilution comment is more accurate than mine and yes I wanted the extra $$$ today just in case.
Saint, I agree but the economy, government and DOW are in a major state of flux right now. It's not over with kicking the can down the road tactics. The next few months will be a roller coaster.
The PR from KBLB did not instill confidence that they will come up with any more significant news until fall. That's a long time and I wanted some more dry powder on the sidelines. September is always the worst month of the year for the markets. Better to make the money work for me and I sleep well at night knowing I have the flexibility.
Again, still holding 250K shares and that's not chump change for most. So that would still be long in my book. If it drops to .06 BAM! If not and it rises BAM! I'm cool with either. All MHO
I sold 50% of my shares this morning. I am a positive person but have to ask....
If Kim is so positive about the first insertions that he does not need results to start the second round then why does KBLB not have some commercial deal set up? No more fluff and buff. No more homogeneous this, no more homogeneous that, no more hand holding and buying time.
Still holding 250K but expect performance at a commercial level.
I would wait on that action. News just came out on a really bad day where everyone was scrambling.
KBLB PR announcement is showing up on other sites.
http://www.investorvillage.com/smbd.asp?mb=14437&mn=168&pt=msg&mid=10810098
http://www.stockrants.com/2011/08/08/kraig-biocraft-laboratories-completes-scheduled-second-round-of-micro-insertions-using-zinc-finger-technology-pinksheetskblb.html
The world's thirst for energy doesn't care what the stock market is doing.
You got that right. Think of the economies just building up enjoying many of the luxuries we take for granted. China alone is like a steam train
That's it! I'm banning myself from this board until I get some popcorn in my Belly : P
Cool! So my 1 hour prediction was a little off.
I'm BACK! Back in the saddle again!
Oops, Spoke too soon. Got bucked off, oh well.
Guess I'll go watch a movie and chill.
Let's see.....Planet of the Apes or The Change Up?
Great job on picking up shares at this bargain price. This is where I picked up a block of mine back in April.
I agree with your philosophy but like Saint I do not have the knowledge to pick the bottom so getting within a good percentage of bottom is okay for me.
The way I see it is I had some clowns managing my 401K for 2 decades and their performance was no better than mine. The average person with a retirement account never sees the daily fluctuations in the market let alone a single stock. If KBLB is a viable company with strong future potential then I will hold for the long hall and play stocks like TZA and TNA for market swings. I can do just as good or bad as the guys that handled my 401K and if I fail then there's no one to blame but me and I can live with that. I will work until I die as I plan on doing anyway.
If you ain't movin, You're die'n
Go KBLB
A post I made back on May 13 on another blog.
Remember my previous posts on a bumpy summer?
Things just don't feel good in my gut right now. Look at the DOW over the last couple weeks.
IMO the Dow is going down to around 9K and I have bought some TZA, DXD, and DOG to hedge. Come Sept, Oct I will pick up TNA when I start seeing a reversal and a couple others for the ride up to Xmas season. I will also be keeping a close eye on SPLM all summer.
Nothing feels right in my gut and I am generally a positive person.
I have revised my gut feeling to around 10K plus or minus a few hundred. If the Magic 12 in our congress put us through the same circus they just did this summer then they will seriously hurt and already fragile market while ruining everyone's Christmas Season.
I am still strong KBLB
They just threw away 10K unless it was purposely done to slow down buying....doubtful. Wrong stock to do that with.
Hey Mike, Dad, Manshoon and all you other banned members, hope you all jumped in on the great buying opportunity.
Unless it was someone that was mad about being banned...oooooooohhhhhh
Remember to watch post #495.
I have revised my gut feeling to around 10K plus or minus a few hundred. If the Magic 12 in our congress put us through the same circus they just did this summer then they will seriously hurt and already fragile market while ruining everyone's Christmas Season.
I like SPLM but will stick it out with KBLB as they show greater promise at this point.
GLTY
Be back up to.11 within the hour.
My back up order filled. To bad it wasn't at .096
Somebody went into panic mode and here I am wish I put more powder in the keg.
Looks like it's going back up, LOAD UP while you can.
Agreed. Filled my order again this morning. Now is the time even though August and Sept are probably looking sad for the overall market. KBLB should hang tough.
Remember that TZA I got at 32.85 YEAH! I predicted it to go to $60 plus and when it's all said and done swap back over to TNA.
The question becomes,
How would they mimic pure spider silk in mass quantity without getting some worms?
Didn't the product get sent to Korea for independent testing?
Farm it in the US and ship out product only would be my guess.
$20 a share! Now you're just teasing : )
Thanks for the clarification. I'm old school and generally need to look up acronyms and such so my DD is weak. Don't take it personal.
Guess what I found when I looked up GLTA?
Good luck to all
or
Gay and Lesbian Tennis Association
Go KBLB
.11s & .12s are LOS LOAD ZONES!!!!!!!!!!!!!!!!!!!!!!!!
What does this mean?
KBLB LOS LOAD ZONE
Anyone out their that can answer that hasn't been banned?
This is data from IIIverson BOOM BOOM ROOM from July 28th
http://investorshub.advfn.com/board...age_id=65651494
IIIverson
Share Thursday, July 28, 2011 12:19:35 PM
Re: chopp post# 9111 Post # of 9162
KBLB starts in Aug, can you wait the weekend?
.11s & .12s are LOS LOAD ZONES!!!!!!!!!!!!!!!!!!!!!!!!
Thats why I need the SOBs loading!!!!!!!!!!!!
This was posted today on KBLB board
IIIverson Member Profile IIIverson
Share Wednesday, August 03, 2011 12:43:59 PM
Re: saintcalvus post# 28117 Post # of 28126
We are about to get UPDATE and BOOOM!
Load up
I did a little digging into IIIverson past posts. Looks to me like they have insider language or codes on upcoming plays. I could be way off base but sure would like clarification from someone who knows.
Thanks,
RV Guy
You may need to add another 1 to that order. Mine all went through last week and it's like $20 extra on small orders. I would rather have the shares in hand prior to KBLB Sept/Oct PR's. The few extra $$ spent now will be minuscule. JMHO
This same PR warning came across my email today.
Caveat Emptor
ED, I was right and should have never posted.
Your response is typical of the last two months and why many have just stepped back from this board. As mentioned before, I am a kinesthetic learner. This is how "I" see KBLB and the penny stock market in general. You took a simple persons humble opinion and decided to put it down.
Way to go.
Z06, King
With so much money invested in a speculative stock, would it be feasible to fly out to AU for 1 week and physically inspect the sight? I often thought this of several potential investments. It could be work/vacation. I wonder if it could be a tax write off? It's funny that people won't buy a 10000 car without a test drive but will drop 100K on an investment without checking it out. I know as I have been guilty of this myself.
NO, NO, NO RV Guy! Don't do it! You may get sucked in!
Oh well, I guess I can post my humble opinion.
To me, buying stocks is very similar to walking into a high volume new car car dealership. Not like buying straight through your CU, insurance co, or bank. Some know what they are walking in to and some do not. You will be 4 squared, they will try and get what they call the 3 "C's" (Keys, credit card, commitment and the 4th really would be to soft lock the deal in your car while doing ACV which is your "comfort zone". Then you will have the nice sales person and team lead tag team you but these are the guys that are on your side. The third person is the evil manager in the tower that keeps sending out those ridiculous numbers all the while never lowering the sales price of the vehicle. The goal is to spend as much time wearing you down as possible until you buy. Then comes the up sell in the finance department and a backup contract at a higher interest rate which is the one they usually let pass through and tell you the first one at a lower interest rate would not go through even with a Fair Issac of 800+.
So my nephew calls me up last weekend from a dealership. He recently graduated with an EE degree and makes good money for the first time. Very smart kid. He tells me about the car. I ask him about the dealership and do they have his keys etc. Yes they do. Run, leave right now. I see the same 2010 model selling for 5K less all over. He never left and was broke down until he bought. He lost around 8K and now has buyers remorse and one hell of an education. To me it is like book smarts vs street smarts and at this level KBLB is similar to a high volume dealership due to its PPS and current relationships. That's MHO and how I treat it.
My order filled again today at.112
Just picking up small blocks as the summer volatility continues. I still say this is the time to add and at these levels.
the rest of my order filled and now someone is sitting at .132
See what happens when you walk away for a while. It forces patience and I got some work done.
yeah, I jumped in on that .1131 and added to my base. Only filled 10K but will not chase the price up.
http://thestockmarketwatch.com/newsletters/2011/07/24/read-now-update/
Read now update
Posted on July 24, 2011 by admin
Recommended Stock Newsletters
#1. PennyStockWarfare
#2. Nova Stocks
#3. Penny Stock Finder
StockWatchAlert Newsletter
Dear Readers, and new Subscibers Summer is almost over! And the market is still in good shape, this means that we should have a great 4th quarter this year and it means we need to get ready for September.
I bring this up because KBLB announced in its last conference call, that it is expecting some products to start using Spider Silk and potentially the company could go from R&D to revenue producing this quarter.
KBLB made its monster run one year ago in September and if history is any indication of the future, we could see the same thing very soon, only this time I think it will go higher and be much bigger! If you look at the chart for KBLB you will notice the accumulation has kept the company moving up the chart, and a new base has formed between .10 and .14 If you look at the chart you can also see that traders have had another opportunity to make 200 to 300% since April and 2 other opportunities to make quick trades of 50% or so as well.
If the companys products hit shelves somewhere soon I believe that KBLB could test new highs as people that are waiting for this to happen, jump in and the street takes Kraig away.
We could see a stampeded of new money flow come into KBLB with this type of news, and who knows what type of institutional support the company gets, or what big players come in and start buying this thing up! I believe this is happening, I think investors have a limited time to get in to KBLB at these levels, and if you dont have a position, you should take one NOW! The Chart shows that KBLB has been the gift that keeps on giving; I think its generosity has just started.
Read more: http://thestockmarketwatch.com/newsletters/2011/07/24/read-now-update/#ixzz1T4k0M5l8
It's National Ice Cream Month
It's hot out their. How about everyone go get an ice cream today and chill.
Rocky Road
Pistachio
Chunky Monkey
Cheese cake
Fudge brownie
DO IT! DO IT!
There we have a good answers from several sources.
So, build a ball made of strong enough plastic that has an inner hard shell and outer hard shell just strong enough to combat the elements. Heck the material could be made with spider silk or resin that is light weight and transparent. Lightly coat one half white and the other orange, fill it with fluorescent material and hang it up. Save some lives.
Thanks for the info guys. It may never go anywhere like many of my ideas as I just sit on them but like to try and think them through.
Have any of you ever walked under those high power lines? I did a couple times early in the morning and my body started itching and my dogs hair was standing up and he was acting weird and whining. Strong EMF from wires 100' up.