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Re: Fsa888 post# 345765

Wednesday, 05/27/2015 10:12:48 PM

Wednesday, May 27, 2015 10:12:48 PM

Post# of 648505
I did a quick look at SEC filings in relationship to the chart. It looks like the fall started early August around the same time that the board set up a nice severance program for high level executives (1 1/2 years salary, bonuses, health coverage,...).

http://www.sec.gov/Archives/edgar/data/1556739/000110465914056793/a14-18282_18k.htm

Since then board members have been leaving left and right.

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001556739&type=&dateb=&owner=exclude&count=40

The most recent healthy drop was around the May 5th resignation of one of the replacement board members.

You will need to look through more of the filings if you need a more in-depth picture of the situation. Like I said, mine was just a quick glance, and I have no prior knowledge of the company.




In case I forgot to mention it above, Always Just My Opinion

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