Replies to post #8464 on WordLogic Corp (fka WLGC)

[chmcnfunds]

Certainly strange that his board tenure was so short:

_____________________________________________________________
WORDLOGIC CORPORATION
Form 8-K
Current Report
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
On February 14, 2013, Mr. David J. Raffa (“Mr. Raffa”) was appointed as an independent director of Wordlogic
Corporation (the “Company”). On February 14, 2013, Mr. Raffa accepted the appointment.
The biography for Mr. Raffa is set forth below:
DAVID J. RAFFA – Mr. Raffa spent twenty years as a corporate finance lawyer before retiring from practice in order to found
an investment banking firm, Lions Capital, and a venture capital fund, BC Advantage Funds. Mr. Raffa has served on over
twenty boards of public and private companies, having served as executive chair on a number of occasions and also having
chaired audit, governance, compensation, finance and special committees. His knowledge of compliance and public company
governance is deep, having been registered under the BC Securities Act as a limited portfolio manager and compliance officer.
Mr. Raffa also has considerable experience in launching and growing technology companies, serving as an advisor to Flickr
when it was acquired by Yahoo; co-founding Amorfix Life Sciences (TSX:AMF) and leading its IPO; co-leading the sale of
Parasun Technologies to Universe Corp (TSX:USS) as an executive director; and having served as executive chair of venture
funded ActiveState Corp, where he led its sale to Sophos PLC of Oxford, England. Mr. Raffa will bring his expertise in
company building, governance, finance and mergers & acquisitions, as well as his independence, to help the company achieve
the successful monetization of its technology.
__________________________________________________________

Why would someone be appointed to a board for six weeks? I doubt they had any formal meetings during that time. All could have been done on consultation.

Likewise I find this statement dubious, "I appreciate David's efforts on behalf of WordLogic and I remain very excited about WordLogic's prospects. We remain fully committed to building a successful company and will continue to grow and pursue opportunities to license our patented predictive technology."

Looking for an update on the CEO replacement.

WLGC