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Re: kayak_wench post# 136172

Tuesday, 03/30/2021 3:27:37 PM

Tuesday, March 30, 2021 3:27:37 PM

Post# of 175628
KayakWench et al, last month, I was doing some DD on Radiogel. I called the company, and I also asked here, who would take over if something happened to Dr.Korenko.
FYI all, the question was answered in the annual report last week (3/24/2021), from page 16:

The Company’s business is dependent upon the continued services of the Company’s Chief Executive Officer, Michael Korenko. Should the Company lose the services of Dr. Korenko, the Company’s operations will be negatively impacted.

The Company’s business is dependent upon the expertise of its Chief Executive Officer, Michael Korenko. Dr. Korenko is essential to the Company’s operations. Accordingly, an investor must rely on Dr. Korenko’s management decisions that will continue to control the Company’s business affairs. The Company does not maintain key man insurance on Dr. Korenko’s life. The loss of the services of Dr. Korenko would have a material adverse effect upon the Company’s business. To mitigate this risk, David Swanberg has been groomed as a replacement candidate. He has extensive experience as a co-founder of IsoRay and has been actively working with Dr. Korenko as a consultant for the last two years.



Thanks for your help kayakwench.

Next, my DD question about competitive finances.... wink
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