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Re: None

Monday, 11/07/2011 8:02:16 PM

Monday, November 07, 2011 8:02:16 PM

Post# of 4329
8-K filed after hours today. What we expected, Plamondon is gone. Nesbitt the new CEO. Plamondon filing "constructive discharge," which likely means that the Chairman demanded a return of Plamondon's shares to the treasury. The company, of course, denies his claim. For our sakes, let's hope Plamondon's case is weak, though in either case, I can't imagine this effects us anytime soon, especially if this has to go to court, which could take a very long time. ("In order to establish a constructive discharge, an employee must plead and prove, by the usual preponderance of the evidence standard, that the employer either intentionally created or knowingly permitted working conditions that were so intolerable or aggravated at the time of the employee's resignation that a reasonable employer would realize that a reasonable person in the employee's position would be compelled to resign.")

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8226905