re: ceo dumps - directors' resign
Buried in the detail of the 101 pages SSN cessation notice is a copy of the Non Distribution Assets Sale and Purchase Agreement. This was annexed to the SSN Notice, and includes the notation that the S&P Agreement was dated /signed on 23rd July 2003.
Pertinent in the detail is the reference to "UeComm Resigning Director" naming Keith Stamm, Robert Holzwarth, Doug Evanson and Leigh Hall as resigning Directors.
All 4 appear linked in some way of the vendors.
That leaves Peter Shore, Rob Stewart, and John Craven as continuing Directors.
Other points of interest from the documentation: 1) a complicated formulae has been included for valueing the UEC shares, comprising [APP - WAGH Shares - UeComm Loan] x 31.73% (etc) - still working that one out; 2) outstanding loan value @10/7 was $43.7m principal and $95,780 in interest; 3) interest rate @8% (since 2000, onwards); and 4) no other financial indebtedness beyond $5.0m without pridor consent.
