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Re: faithabides post# 172452

Wednesday, 09/25/2019 8:08:20 PM

Wednesday, September 25, 2019 8:08:20 PM

Post# of 278274

What’s interesting to me is that KT was only going to pick 3 BODs (only 2 required)



Actually, to satisfy NASDAQ requirements, Kim needs to have 3 Independent Directors on the Audit Committee according to Rule 5605(c)

Rule 5605(c)

The company is required to have an audit committee
consisting solely of independent directors who also
satisfy the requirements of SEC Rule 10A-3 and who can
read and understand fundamental financial statements.
The audit committee must have at least three members.
One member of the audit committee must have
experience that results in the individual's financial
sophistication.



The member with experience is obviously Julie Bishop. Kim is checking all the boxes. IMO,His only reason to do so is because he is serious about an uplisting (unlike some on here would have you believe).
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