Fonix:Voice Recognition Product (FONX) Message Board

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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: Fairways9 who wrote (1220)	10/2/1997 5:44:00 PM
From: Fairways9	of 3347

I would sure like to know what is included in the 40+ hours that the boys are putting into Fonix. Some executives feel like they're always on the job. This was taken from the most recent SEC filing: "The Company estimates that, since January 1, 1997, Messrs. Studdert, Murdock and Dudley, on average, have worked more than 40 hours per week in their respective capacities as executive officers of fonix. The Company does not expect there to be in the foreseeable future any material change in the amount of time spent by those persons in their capacities as executive officers of the Company or in the Company's overall operations as a result of the management services contract between SCC and KLSE or as a result of any other activities of SCC. However, there can be no assurance that the outside activities of Messrs. Studdert, Murdock or Dudley, in connection with SCC, KLSE or otherwise, will not materially impede their ability to perform as executive officers of the Company, in which case the Company's operations and financial condition could be adversely affected." This appears to be CYA stuff against future litigation.

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