Bitcoin Generation Inc. (BTGN)

[apprenante]

Could the finish line be dissolution?

Item 5.02 Departure of Directors or Certain Officers; Election of Directors, subsection d, says:

"(d) stockholder approval of a complete liquidation or dissolution of our company."

Furthermore, "If Employee's employment terminates for good reason or other than as a result of due cause, incapacity, death or retirement, Employee will be entitled to his salary through the end of the month in which termination occurs plus credit for accrued vacation, and a prorated incentive bonus, if eligible, for the fiscal year during which termination occurred. In addition, under those circumstances, he will be entitled to receive (i) a severance payment equal to (A) two times his then current annual salary and (B) two times the amount of the average incentive bonus paid during the two calendar years preceding the date of termination, (ii) all medical insurance benefits to which he was entitled immediately prior to the date of termination for a period of 18 months or the date that Employee's continued participation in our medical insurance plan was not possible under the plan, whichever was earlier, and (iii) a lump-sum cash payment equal to 18 times the estimated monthly COBRA premiums at the time of termination (taking into account all known or anticipated premium increases) to be used by Employee to maintain his medical insurance coverage for an additional 18 months."

Here is a link to the SEC filing:
http://biz.yahoo.com/e/110503/inol.pk8-k.html

As I understand it, if Gary and Sharon either quit or dissolve the company, they will receive well over a million dollars!! Not only will all of the recent new "investors" pay these "corporate officers" to leave, but ALL investors will be left with NOTHING because the company will no longer exist!!!

How's THAT for smart thinking?!?!? Ya gotta give 'em credit for putting it over on y'all!!!

Apprenante