Replies to post #20028 on Monarch Staffing Inc (MSTF)

[$oldier Hard]

Give me a few Dave. I thought everyone knew what was being speculated on here.

[$oldier Hard]

Kind of a long story dave but here is one of the things that peaked my interest a while back dude.


Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers


On September 18, 2007, we appointed William Comte as a member of our Board of Directors. Our Board of Directors has determined that Mr. Comte will qualify as “independent” under Rule 4200(a)(15) of the National Association of Securities Dealers’ listing standards.


Mr. Comte, age 54, is the chairman, chief executive officer and president (since 2002) of AccentCare, Inc., a home healthcare company. Prior to AccentCare, Mr. Comte served as chief executive officer of several for-profit and not-for-profit healthcare systems. He also has experience in the workers' compensation area, where he was chief operating officer of Concentra. Prior to that, he founded and was chief executive officer and president of Premier Practice Management, a physician practice management company. Mr. Comte received a Masters of Business Administration degree from the University of Miami, Florida, a Bachelors of Science degree in Business from Villanova University, and is a graduate of the Duke Endowment program in Hospital Administration.


As a member of our Board of Directors, Mr. Comte will receive cash compensation of $2,500 per quarter. In addition, we have granted to Mr. Comte an option to purchase 100,000 shares of our common stock at exercise prices equal to $0.0055 per share. The option vested 20% upon grant and thereafter 10% for eight quarters with full vesting upon a change in control

[$oldier Hard]

Then his departure. If Mr. Comte was still on the board it would be a conflict of interest.

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers


On February 18, 2008, William Comte and Rodney McDermott resigned as members of our Board of Directors. Neither Mr. Comte’s nor Mr. Hansen’s resignation was because of a disagreement with Monarch Staffing on any matter relating to our operations, policies, or practices.

[$oldier Hard]

Now dave. Here is Mr. Comte.

Biff Comte joined AccentCare in 2002 as Chairman, CEO & President. He is a veteran healthcare executive with experience in hospital management, where he was CEO of for-profit and not-for-profit healthcare systems. He also has experience in the Workers' Compensation area, where he was COO of Concentra, a $1 billion company. Prior to that, he founded and was CEO and President of Premier Practice Management, a physician practice management company.

Biff holds an MBA from the University of Miami, Florida, a BS Degree in Business from Villanova University, and is a graduate of the Duke Endowment program in Hospital Administration





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[$oldier Hard]

How would a revese merger benefit us? If it's with someone like Accentcare, they are a 125 Mil+ Private co. and that was almost 1 year ago. Healthcare, Politics, Mr. Pham spends much of his time on the East coast. Sweet.

[Jack_of_All_Trades]

Regarding the reverse merger thoery, let me give you an idea of the potential based on what's happened with some other companies.

A recent stock involved in a reverse merger went from .0001 to .82 in a matter of days. That's a really extreme example but several others have had a similar explosion in price.

No one can say for sure what we have here yet but that's one possibility...