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Sunday, December 12, 2010 5:16:55 PM
Gee, really? Guess what? This is a reporting company. The departure of the CEO is very definitely a "material event". It must be reported to the SEC in an 8-K.
But let's do a little digging...
The 10-Q filed on 20 July was signed by Talley as "President, Principal Executive Officer and Director". It was also signed by Yagodka as "Secretary, Treasurer, Principal Financial Officer, Principal Accounting Officer and Director".
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7366985
The 10-Q filed on 11 November was signed by Yagodka as "Secretary, Treasurer, Principal Financial Officer, Principal Accounting Officer and Director". It was also signed by Yasinski as director.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7550956
So... Presumably Talley did leave between 20 July and 11 November, but he was not replaced. The November filing was not signed by a CEO or president.
The Resource Statement filed on 9 December was signed by Yagodka as "President, Chief Executive Officer and Director".
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7599792
Talley's departure and replacement should have been reported in an 8-K. It should also have been noted in the 11 November Q, and it is not.
Needless to say, it should have been reported to the State of Nevada as well, but they're in default there and don't seem to care.
Why suddenly remove Talley from the website this weekend?
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