THanks John for providing the links. I just browsed through them and could not detect anything material but a thoroughread tonight will. Noticed the clause about the negative effects if the company lost the CEO... (chuckle)... the great man feeling insecure ?

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On the other side, noticed this on PHUN's 8k today...

Restructuring happening at PHUN where an appointed CFO has resigned after 2 months and the CEO's salary is reduced.

8K - 1May 2009

J. Chris Steinhauser resigned as the Chief Financial Officer of the registrant effective April 24, 2009. ...

......The registrant also announced that Charles B. Crowell, its Chief Executive Officer, agreed to a reduction of his annual salary to $270,000, effective April 1, 2009.