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fracatowa

12/09/09 7:15 PM

#201878 RE: losmashrt #201874

Losmashrt, yes it is required to be reported. It is a material event who is going to be CEO. Stocks can take tremendous slides when a CEO leaves or an untested CEO comes on board. It is absolutely material whether the current CEO stays or his contract shall lapse upon its term. If the CEO's term was extended, an 8k would have to be filed notifying shareholder their CEO is going to be with the company beyond May 29, 2010.
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Be Confident

12/09/09 8:49 PM

#201891 RE: losmashrt #201874

losmashrt, if you recall, Iain informally provided an answer during a Bena interview in which she asked if he was prepared to retire, now that he has accomplished so much.

His reply came quickly...that all is sizzling and he intends to stay and build the company going forward.

I do not anticipate an announcement regarding advising YA of his intent to remain. Not because of the article, but simply because I am not so certain an announcement is required. Instead I expect to see it included within the next quarterly filing.

*Btw, has anyone else noticed that this becomes the first quarter in which Iain has not held to his commitment to hold a quarterly cc? I will await all the pessimistic/sarcastic reasoning from the iHub peanut gallery that attest to every negative reason known to stock boards...however, I would additionally welcome a comment or two from those who view it differently. I can envision a few reasons for this (both positive and negative).

Best,
BC