Feb 28, 2013 CHIMAHUSKY JOHN S.Officer 177 Direct Purchase at $3.22 per share. 569
Feb 28, 2013 KLAPKO DONALD Officer 1,584 Direct Purchase at $3.32 per share. 5,258
Feb 28, 2013 CHAPMAN PERCYOfficer 1,063 Direct Purchase at $3.32 per share. 3,529
Feb 28, 2013 SMALLING SCOTTOfficer 109 Direct Purchase at $3.22 per share. 350
well, at least we know the shares are worth at least $3.32.
at some point there WILL be a legal action against the officers and BOD.
generally they are protected financially and legally in such actions for
negligence and breach of Fiduciary Duties via insurance policies owned
and paid for by the Company; they ARE NOT however,covered for
any portions of a legal action for allegations of FRAUD and
MISREPRESENTATION and are personally liable. TRUST me, with the
shenanigans over the last few years good trial attorneys will catch up
with this crowd.
these type lawsuits are usually initiated at the time of a proposed sale
or other type of dissolution when these bird try to cash in on all the "free
shares" they have accumulated.