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Re: joecreg7088 post# 29782

Friday, 06/20/2014 5:17:42 PM

Friday, June 20, 2014 5:17:42 PM

Post# of 30354
what's really amazing is that Schwartz is only mentioned a handful of times in the filings (I count 7 in the last filing, which is probably a record....many times more "mentions" on this board!!!), and with this weird title of of "Observer", as if he is the all seeing Oz the Great and Powerful!!!!

'course we all know about that story, with the man behind curtain......how much credence is deserved with the checkered history???....just the IA "buyout" pump alone should be cause enough to be wary.....(many other examples, but hopefully the point is made).....I don't know why the SEC would give this Co the time of day, IMO......they have had many years and dollars to "waste" already......

http://www.sec.gov/Archives/edgar/data/1116112/000114420414036441/v380834_10-12ga.htm

Board Observer

Mr. Robert Schwartz, who individually owns less than 5% of our common stock, is the only Board observer at this time. Mr. Schwartz represents some of our larger shareholders and is the G & A Capital Appointee, but does not maintain any voting power or control over our Board or management. Mr. Schwartz is permitted to attend all meetings of the Board of Directors in a nonvoting observer capacity, but we maintain the right to withhold any information and to exclude him from any meeting or portion thereof if (i) access to such information or attendance at such meeting could adversely affect the attorney-client privilege between us and our counsel or (ii) access to such information or attendance at such meeting could result in a conflict of interest between Mr. Schwartz and ourselves, or our counsel. Mr. Schwartz verbally agreed to hold in confidence all information provided to him or learned in connection with his observer rights, except to the extent otherwise required by law and any other regulatory process to which Observer is subject.

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