wrong Dread. I am referreing to the June 2004 Letter Agreement. I am not referring to the equity kicker/success fee 5% issue. The board had no problem with the agreement other than the 5% issue. CXO received ungodly amounts of stock and warrants which are not in question by tovc. The G's actually signed this agreement and that is mindboggling.
There is not a June 2005 contract. Are you really referring to the April 2005 contract which should have been nothing more than a CXO NY/DE name change from the June 2004 agreement? Thus Dread, the whole issue relates to 2004 agreements that were signed.