RE:RE:RE:RE:News….that sux In addition to all change of control payments under the Verrico Agreement, if the change of control results in a buyout, on the closing of the buyout, Dr. Verrico will receive a cash bonus equal to 1.4% of the transaction value of the buyout. A “buyout” means (i) the acquisition by any person or group acting in concert which totals for the first time 66.67% of the outstanding Shares of the Company; or (ii) the consummation of a sale of all or substantially all of the assets of the Company, or (iii) the consummation of a reorganization, merger or other transaction which has substantially the same effect.
MirrorWorldMan wrote: There is nothing Howie can say anymore in any investor video or update that will recover any shareholder value at this stage. His credibility is gone. Only numbers can help company now. Why won't this useless part time CEO step down, does he really think he is any good at business?