Tuesday, July 10, 2018 8:34:53 PM
"Due to the relationships with his related entities, Mr. Nichols will have an inherent conflict of interest in making any decision related to transactions between the related entities and us. Furthermore, since Mr. Nichols is also the sole member of our Board of Directors, our Board presently is not “independent.” We intend to review related party transactions in the future on a case-by-case basis."
They will have to file Form 3's within 10 days of the 13D we saw last week.
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