VGTel Inc (VGTL)

[pennies4beer]

Uh, per the latest 8-k, she didn't receive any money...

CURRENT REPORT ON FORM 8-K


VGTel, Inc.


Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Effective August 31, 2015 (“ Effective Date ”), the interim management team, consisting of Amilya Antonetti, interim CEO, and K. Bryce Toussaint, interim President (“ Interim Management Team ”) elected not to renew the 90-day interim management contract (“ Interim Agreement ”), and as of the aforementioned Effective Date, Ms. Antonetti and Mr. Toussaint are no longer affiliated with the Company.


During the pendency of the Interim Agreement, and both prior and subsequent thereto, the Interim Management Team received no compensation and/or stock, and are not to receive the same. Company was unable to arrange the necessary resources needed for the Interim Management Team to develop and execute a turnaround plan for the Company.


The Board of Directors is seeking replacements for both President and CEO positions.


Now having said that, IMHO, I find this 8-k and the timing of it to be very shady. IMO, this has red flags all over it.