EMXC Post 14702 by nxxi 08, March 29, 2011 Some classic Emax history It has been quiet here lately so I thought it was time for an Emax history lesson!
One of the top 10 events in Emax history (and one can say even US corporate history) is the 7 month period when Roxanna turned over the reigns of EMXC to Slavoljub Stefanovic with the terms being that he pay all the costs that the company could not afford to pay for processing the dividends, plus other money Emax owed to others. In effect the CEO position was for sale to someone who would be stupid enough to agree to this silly thing.
Well guess what, someone did, and its all documented! Slavo got the last laugh as he pulled a "Roxanna". His payments for the dividends etc, were going to be "soon" but they never came, so the percussionist took back the company ! Anyone who claims they have done real due diligence on this company should already know about this. But, just in case, read about it here, have a good laugh! Here is where he took over July 2008: "Roxanna Weber agreed to resign her position as President and Chairman of the Board"
But here is the real fun, here is where she kicks him out and presents the detail of the failed agreement in January 2009. "Roxanna Weber was re-appointed as President and Chairman of the Board"
The two highlights to read are the March 1 letter kicking out Slavo, and its Schedule A listing all the money that Emax owed to others that Slavo was supposed to pay.
THIS IS EMAX!
Anyone have some cash and want to be a CEO? Give Roxie a call and apply today! Open question for Roxanna: Why did you only give Slavo 7 months to pay up the cash, yet you get over 8 years to pay the shareholders the dividends that YOU declared????
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