Selling is necessary step for resignation from CEO? If so, Raymond Dabney should be CEO,CFO, COO....
On May 20, 2014, Bogat Family Trust (Raymond Dabney, Trustee) (“Bogat”) and Robert Melamede, Ph.D. (Melamede) entered into a Stock Purchase Agreement whereby Bogat purchased 500,000 Series A preferred shares from Melamede for par value of $0.001 per share, or $500. Upon completion of the transaction, Bogot owned 1,000,000 shares of Series A preferred stock representing all of the issued and outstanding Series A preferred shares. As of June 2, 2014 filing date, Bogat has approximately 57% cumulative voting control of the Company.
