The revenue losses that CCEL is about to realize are gonna be substantial. Not to mention, their presence in the marketplace. One also must consider MW's contract with CCEL. Only 90 days notice to force her out is all that is required. Is a shakeup in the making here. I see this one heading to $1.25 by the first of March to the end of March.
Walton Employment Agreement. On August 15, 2005, the Company entered into a three-year employment agreement (the “Walton Employment Agreement”) with Mercedes Walton as the Chairman of the Board and Chief Executive Officer effective as of September 1, 2005 (the “Commencement Date”). Previously, Ms. Walton had been interim Chief Executive Officer. The Walton Employment Agreement was amended in July 2008 to provide that the initial term would expire on November 30, 2008. The term of the Walton Employment Agreement is extended for additional one-year periods unless, at least 90 days prior to the end of the then-current term, either party notifies the other in writing of its intent not to renew the agreement.
The ending date of the current term of the Walton Employment Agreement is November 30, 2010.
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