that's how I read it also....the 'share purchase agreement' has him listed as 'president' and yesterday's PR said nothing else has changed. So I see him as holding title of President as noted in 28.1 of share purchase agreement dated 5/12 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79212166 http://www.marketwatch.com/story/daulton-capital-announces-1425-million-in-debt-reduction-and-change-of-name-2012-09-04