"According to 8-k Their decisions to resign were not the result of any disagreement with the Company on any matter related to the Company’s operations, policies or practices. That's a matter of record now."
What are you trying to say? That it's a matter of record that the resigning Directors agreed with the decision to ignore the terms of the lease?
You might be onto something but given the potential repercussions of that admission it wouldn't be a great idea.
You can be reasonably certain that the inclusion of the "not the result of any disagreement" language was promoted by LE.
"The company’s Form 8-K disclosure will need to
be more extensive if a director resigns or refuses
to stand for re-election as a result of a
disagreement with the company, or if the
director is removed for cause. Under these
circumstances, the Form 8-K will also need to
provide a brief description of the disagreement
and disclose the board committee positions that
such director held at the time of the event. If the
director gives the company written
correspondence surrounding the resignation,
refusal or removal, that correspondence would
have to be filed as an exhibit to the Form 8-K."
Did the Directors not resign in writing?
Neither of those gentleman had the kind of business experience that would have allowed them to avoid this mess and they obviously didn't do much to push the science peanut either. This is what you get when you appoint Directors with the sole purpose of pretending to attempt to secure an exchange listing without regard to what they can actually do for shareholders.
No matter what it is or who commenced it, I'm against it!
....Groucho
