Good morning Lenard, the 8-K had to be filed for compliancy reasons and to inform the shareholders of a change in the BOD and XA's management. In reality it's not weird at all but was a complete necessity. Glenn's wording of the 8-K was to the point (as urged by his attorney). One thing people invested here have to realize is Glenn does not tolerate underachievers no matter how stellar their past resume reflected. Ron Burkhardt was brought on board predicated on his past track record and supposed abilities to perform the tasks his job description required. Unfortunately (outside of his input on CMGO's & XA's web site) he had not brought any prospective business to the table in the time he was with the company.
Since his termination we now have Jeff Devlin taking on an active roll in the institutional sales for XA. In the short period of time he's been involved, he's brought in several prospects that are currently engage in negotiations. The bottom line is XA needs to grow and revs need to increase. Just one of these companies that are being approached will put XA in a secure position financially and will elevate their status globally. Closing all of them will put XA on the world stage in a big way so to speak.
XA is the current revenue generator for CMGO (as we all know) while we await the launching of Good Gaming. To have both of the company's subsidiaries producing above and beyond expectations will be a pinnacle moment and highly achievable given Glenn's propensity for getting things done.
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