This part is related to PTSC and from the recent 10K

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Transactions With Directors, Executive Officers and Principal Stockholders

There were no transactions, or series of transactions during the fiscal year ended May 31, 2012, nor are there any currently proposed transactions, or series of transactions, to which we are a party, in which the amount exceeds $120,000, and in which to our knowledge any director, executive officer, nominee, five percent or greater stockholder, or any member of the immediate family of any of the foregoing persons, has or will have any direct or indirect material interest other than as described below. P. 29 10K

So were there any transactions at all with Directors, Executive Officers and Principal Stockholders that were under $120K? If so, and if Cliff received any additional compensation for his part in consummating any agreements, is it an SEC requirement to disclose?

The rest of my original post was copied from the SEC website and was merely there to to show one reason why the SEC recently went after a CEO.