Nyxio Technologies Corporation (NYXO)

[SoBadItsGood]

if history repeats itself, as it usually does......be on the lookout for an 8-K any day now, spelling out another pay raise for the beloved CEO.

there should be laws against this type of nonsense IMO (In My Opinion)

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001255294-13-000571.txt&FilePath=\2013\07\18\&CoName=NYXIO+TECHNOLOGIES+CORP&FormType=8-K&RcvdDate=7%2F18%2F2013&pdf=

On July 16, 2013, our board of directors approved our entry into an Amended and Restated Employment Agreement (the “Agreement”) with our President and CEO, Giorgio Johnson. The Agreement, which is effective beginning July 1, 2013, provides for an increase in Mr. Johnson’s annual compensation from $48,000 per year to $250,000. The purpose of this increase is to provide for compensation commensurate with both the position of chief executive officer and the compensation allocated to our other employees and independent contractors performing executive duties. Either party to the Agreement can terminate the employment relationship at any time, with or without cause, and with or without notice.