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RobbinGood

05/19/09 9:37 PM

#171121 RE: TomSawyer #171106

Neil, what i see happening is someone will pay off YA and take control of the company, they won't buyout the whole company which is great for us. The new owners want to keep the old employess and directors to continue to build the company. just a guess....now what is the buyout price for that controlling interest? and who is the buyer? the great unknown lol

Subsequent Event - On April 29, 2009 the Compensation Committee of the Board of Directors approved a resolution reducing the salary and fee compensation of 15 of our employees and directors. related to our cost control measures. In addition, the resolution included a change in control provision, under which the salaries and fees of these employees and directors would revert to their former amounts upon a change in control of the company.
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Banks

05/20/09 5:58 AM

#171191 RE: TomSawyer #171106

Good points but ungency of trial? This trialhas been going on for at least 4 years now!!!
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Be Confident

05/20/09 3:22 PM

#171327 RE: TomSawyer #171106

NeilP,

So many theories and so much excitement they could tie your jacket tighter and you may still manage to escape.

Although unlikely, I wouldn't rule out a reverse merger with Scanbuy. While the wording we viewed in the Annual Report seemed targeted at a sale of neom to another company, Iain indicated he was not interested in selling the company simply because he is tasked with such in his contract.

A reverse merger would bring two valued companies together while absorbing Scanbuy's remaining capital into the company's reserves, and likely would pull their VC arm into, or closer to, the mix.

Just another thought...may not be valid.

Best,
BC