In light of my recent termination as Chief Executive Officer of Elinear, Inc. by the Board of Directors on August 16, 2006 - effective at or about 4:30 p.m. that date, at an apparent meeting which I was neither informed of nor had any opportunity to attend, I hereby tender my resignation as Vice Chairman of the board and as a Director of the Corporation to be effective as of that same date and time
This resignation is necessary due to the present problems facing the Corporation which, in my opinion, are not properly handled by existing management and the Board. Any further involvement on my part would be totally incompatible with the fact that my employment has been wrongfully terminated.
I fully expect to be paid for all of the personal loans and advances which I have made to and for the benefit of the Corporation and I also expect to be fully compensated for my wages through the actual date of termination.
I wonder if I can file an 8-K to demand a return of the money ELU management has directly cost me? They didn't invite me to this top secret meeting either. I don't think Tommy still fully understands what is happening. No wonder they are going under.
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