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Re: BDay43 post# 136462

Monday, 04/30/2012 10:12:25 PM

Monday, April 30, 2012 10:12:25 PM

Post# of 157299
I believe the 3-year employment contract was with Estrella, not Clark. Technically, Clark was never an employee, only a director. Estrella is an employee and receives a salary.

One thing we haven't considered is that Clark may have a recurrence of the health issues that someone suggested was one of the reasons he retired from his previous job. Judging the difference in appearance between his profile photo and his keynote speech at the High Altitude & Near Space conference, the health issue seems to have been real. Maybe something with that flared up again and he had to step down.

Just a thought. Hope that's not the case.

If the board members were frustrated at lack of performance, why is Estrella still around? Why can Clark and not Estrella?

Speaking of the board, is Phipps ever going to fill his 2 board spots? I guess it's hard to find anyone willing to take the positions when there still exists no D&O insurance. That's not likely to change without some significant revenues. It's gotta be frustrating for him. Maybe the new Chairman will shake things up a bit on the board, which until now has been heavily influenced by the investment banker group.
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