Traack Technologies Inc (TRAA)

[DJ Ponder]

What a bunch of absolute DOPES for doing any sort of deal with the lil weasel gregg sullivan in the first place


On January 16, 2019, GeoTraq, Inc. (“GeoTraq”), a subsidiary of Appliance Recycling Centers of America, Inc. (the “Registrant”), terminated the employment of Gregg Sullivan, GeoTraq’s now-former Chief Executive Officer, pursuant to the terms of the employment agreement dated August 18, 2017 (the “Employment Agreement”) between GeoTraq and Mr. Sullivan. Under the terms of the Employment Agreement, 28,859 of the shares of the Registrant’s Series A Convertible Preferred Stock (the “Series A Preferred Stock”) owned by Mr. Sullivan immediately prior to the termination are deemed to have been returned to the Registrant’s treasury for cancellation effective as of January 16, 2019, without the requirement that either Mr. Sullivan or the Registrant take any further action. .......