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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (13526)11/29/2005 6:28:44 PM
From: Ken W  Read Replies (1) | Respond to of 23958
 
Sergio

SPSC's stipulated settlement was basically:

The bad guys are going to pay in incremental amounts of cash over time with the final payoff of 800k in stock of the company.

The funny part of the stipulation was the "standstill" clause that bars the bad guy (a company official) from making press releases about the company, influencing the voting shareholders in any way and until at least until 2008 NOT TO SCREW WITH THE COMPANY!!! ROFL!!! I guess that means that after a certain date he can go back to messing with the internal workings....All in all it is a good thing for the company.

Ken