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Message: No contract with Mr. Goerner? No salary?

No contract with Mr. Goerner? No salary?

posted on Mar 16, 2008 06:24AM

After two weeks of his appearance there is still no contract available. Turley's was published two or three days after the announcement as him being the new CEO.

The conclusion could be, that Mr. Goerner does NOT receive a salary until the INTERIM period of 120 days is over, besides "only" 300.000 shares (though the conversion price is $ 0,4, column 8 says "price of Derivative security is $ 0 - anyone knows, if he has to pay something for these options?).

Interesting, that the expiration date of his 120 days Interim period is May 29th, about the same time the Approval agreement with Swartz ends (05/31/08). 

GLTA 

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