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Pizza Inn Holdings, AŞ Message Board

  • moneyalpha834 moneyalpha834 Feb 24, 2014 5:28 PM Flag

    Another SEC filing, weird costly agreement w NCM

    PZZI just filed sec filing announcing consulting agreement with NCM that is back dated to dec 31 and cost PZZI $150k upfront and $50k a quarter that could go to $100k max

    NCM is the biggest holder of PZZI. Not sure if NCM sucking money out of PZZI is what investors want to see

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    • Sounds like NCM may be doing he duties of all those chipola executives the long & crazy dream about.

    • Here's the services they get for this money:

      Duties of the Service Provider . During the term of this Agreement, The Service Provider shall provide to the Company such management advisory and consulting services (the “ Services ”), as more fully described and defined below, as may be necessary or desirable or as may be reasonably requested or required by the board of directors of the Company (the " Board "), in connection with the business, operations and affairs, both ordinary and extraordinary, of the Company and its subsidiaries and affiliates. “Services” means and includes, without limitation, the furnishing of office space, advice, assistance and guidance, and personnel to implement the same in connection with, among others, executive administration, business strategy, investment strategy, organizational structure, personnel decisions, financial management, tax planning and merger and acquisition strategy.

      This sounds like we are up for sale and this milks a little more for him directly.