KOOP is very generous. From the latest 10-Q
Severance Agreements
In May and June, 2000, the Company's Executive Vice President, Marketing,
Executive Vice President and General Manager, Healthcare Division, and its
Senior Vice President, Chief Internet Strategist resigned. In July 2000 the
Company's Chief Operating Officer and Chief Financial Officer resigned. As a condition to the severance of these employment relationships, the Company entered into agreements and complete releases with each of the individuals. Under the agreements, the Company agreed to accelerate the vesting of the individuals' stock options and to pay the individuals an aggregate gross sum totaling $728,500, which will be paid out in twelve equal monthly installments to the individuals.
VUSA also went through a management change and raising more capital (via preferred stock) routine a few months back. They quietly filed for bankruptcy and no one has been able to reach the management since then.
MotherNature.com, Inc (MTHR) had around 30 MM in cash at the end of June. They received an unsolicited bid from Sitestar (OTCBB:SYTE)
biz.yahoo.com
Sitestar does not want to waste any time on due diligence as they probably want to close the operations and go after the cash.
Chances of this takeover going through is IMO nill.
Regards,
Rajiv |
