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To: SteveF who wrote (15592)	12/19/2011 9:00:25 PM
From: streetscraper	Respond to of 53574

I like that fact that they hired a new CFO. This is like putting water on a house that's all ready burnt to the ground. Lets see how smart this guy is. Hope he had him put that MONEY in a escrow account too. Tomorrow should be a good day to compare this to another Big Board stock. LOL

To: SteveF who wrote (15592)	12/19/2011 9:01:02 PM
From: old 'n cranky	Respond to of 53574

Ignore........Duplicate post.

To: SteveF who wrote (15592)	12/19/2011 9:01:34 PM
From: old 'n cranky	Respond to of 53574

Here's the way I think it is typically structured: The CFO functionally reports to the CEO (If Baldwin's employment contract stated that he reports to the BOD, it was for appearances only, IMO.) . However, both positions and all officers act at the will of the Board and the Board is responsible for their hiring. Needless to say this isn't a typical situation. Whatever JB says, goes. For example, ponzi quoted some stuff under the heading of Disclosure Controls and Procedures from the most recent 10Q, which began "Under the supervision and with the participation of our management, including our Principal Executive Officer and Principal Financial Officer..........." Basically the section said that those parties came to the conclusion that the company's controls and procedures were ineffective for certain purposes. What it doesn't say is that the Principal Executive Officer and Principal Financial Officer at the time were both named John Bordynuik. The new guy would report to JB pretty much no matter what his contract says. I think everybody does. Let's see how long he lasts. His first REAL test will come when he has to sign the 10K in March (probably April). BTW, that was Baldwin's LAST real test. He bailed on 4/6/11, between the issuance of the NT10-K and the 10-K itself. It's good to be King, right?