posted
AW is showing how incompetent he really is. No news, no business, no mergers, no acquisitions. Are y'all sure he survived that accident he had a while back?
IP: Logged |
posted
Another 52 week low PPS at .02. That's less than the price per share before the split. WOW! That would put it at .001 without the reverse split. I think it's time to jump back in. GLTA longs.
IP: Logged |
posted
I emailed AW and said that i wanted my money back. He offered me free-trading shares if i signed this:
Independent Contractor Agreement This agreement shall serve as an Independent Contractor Agreement between Modern Technology Corp. (The Company) and ____ (Contractor). RECITALS A. Contractor has special skills, training, experience, knowledge and ability to locate, evaluate, negotiate and complete the acquisition of various businesses within the United States (“Consulting Services”) and The Company desires Contractor to provide such Consulting Services; and B. Contractor seeks to be retained by The Company which seeks to retain Contractor under the terms and conditions set forth below. NOW, THEREFORE, in consideration of the mutual promises and agreements hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. Incorporation. The foregoing recitals are incorporated herein as if fully rewritten herein. 2. Independent Contractor. At all times during the Term (as hereinafter defined) of this Agreement, Contractor shall perform the duties and responsibilities identified in this Agreement as an independent contractor and not as an employee of The Company. The Company shall not withhold any federal or state taxes, social security, unemployment compensation or other payments from the Commission (as hereinafter defined) paid to Contractor. Contractor shall pay all federal and state income taxes, social security contributions and all other taxes and charges levied or assessed with respect to the Commission received by Contractor pursuant to this Agreement. Contractor agrees to abide by all applicable federal, state and local laws, ordinances, rules and regulations in performing the duties and responsibilities required of him hereunder. In addition, Contractor agrees and does herewith indemnify, defend and hold The Company harmless from any claims, losses, liabilities or expenses it or its affiliates or subsidiaries may suffer, including reasonable attorney’s fees, arising as a result of Contractor’s failure to pay all withholding obligations and tax liabilities associated with the Commission(s). At all times under this Agreement the Contractor is acting and performing as an independent contractor and shall not be considered an employee or agent of The Company. 3. Term and Termination. This Agreement shall be deemed to have commenced on the Agreement Date as executed and shall continue thereafter until 5:00 p.m. E.S.T. one year from this date unless terminated prior to such date as hereinafter provided (the Term”). The Term may be mutually extended by a written agreement executed by both parties hereto: a. Prior to expiration of this Agreement as set forth above, either party shall have the right to terminate this Agreement, with or without justifiable cause, upon sixty (60) days’ prior written notice to the other party. Notwithstanding the foregoing, this Agreement shall terminate immediately upon the occurrence of any of the following events: (i) Contractor’s death; or (ii) Contractor being convicted of a felony or act of moral turpitude, or (iii) Contractor’s taking any action, in The Company’s reasonable judgment, that is likely to adversely affect the reputation, operation or business of The Company or its affiliates or subsidiaries. b. The Company and Contractor acknowledge and agree that no provision contained in this Agreement offers, guarantees or otherwise obligates The Company to continue to retain Contractor following the termination of this Agreement. Following the termination of this Agreement for any reason, The Company shall promptly pay Contractor (or Contractor’s estate) the Commission for services rendered to the effective date of the termination as outlined below. Contractor acknowledges and agrees that no other compensation, of any nature or type, shall be payable hereunder following the termination of this Agreement. 4. Duties and Responsibilities of Contractor. Contractor shall endeavor to identify new retail store opportunities for The Company and secure such sites and opportunities for The Company. Contractor, shall, upon authorization from The Company negotiate acceptance of such sites for The Company. Such sites and opportunites may be in the form of new stores or existing stores available for aquisition. During the Term, Contractor agrees to be available to the agents and employees of The Company, on an as needed basis, to provide the Consulting Services as The Company may reasonably request, upon reasonable advance notice, in connection with The Company’s electronic, mining, and other business and financing operations. Contractor further agrees during the Term to be available, upon reasonable notice and at reasonable times, at The Company’s operations wherever situated. Contractor agrees to conduct himself, at all times while rendering services hereunder, in a professional manner and shall use his best efforts to make decisions and recommendations hereunder for the purpose of benefiting the financial success of The Company. Nothing contained in this Agreement is intended to, nor shall it be construed to, grant Contractor any exclusive rights to provide the services and duties described herein. 5. Compensation. Prior to the expiration or termination of this Agreement, pursuant to Section 3 hereof, The Company will make the following payments to Contractor as and for full and complete consideration and payment for any and all services rendered under this Agreement, whether rendered prior to, on, or after the Agreement Date (“Commission”): b. Payment shall be in the form of MODC common stock, the amount of which shall be determined to be initially 150,000 shares. 6. Contractor agrees he shall not solicit any customers, suppliers, sponsors, or advertisers of, or other third-parties doing business with, The Company for the purpose of inducing, directly or indirectly, the termination of such entity’s or individual’s relationship with The Company. 7. The parties agree that in the event a court of competent jurisdiction shall determine that any aspect of the covenants and agreements contained herein shall be unenforceable for any reason, such court may modify the covenant or agreement to render such covenant or agreement enforceable. 8. Notice. Notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered in person or by a recognized overnight delivery service or upon receipt of a confirmed facsimile transmission or when mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the last known address of the respective parties, provided that all notices to The Company shall be directed to the attention of the ChIef Executive Officer, or to such other address as either party may have furnished to the other in writing in accordance herewith, expect that notices of change of address shall be effective only upon receipt. At least initially, 9. Governing Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Arizona without giving effect to the conflicts of law principles thereof. 10. Validity. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 11. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 12. Waiver of Jury Trial. THE COMPANY AND CONTRACTOR EACH HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY AND ALL RIGHTS THAT THEY MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS AGREEMENT, ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (ORAL OR WRITTEN), OR ACTIONS OF THE COMPANY OR CONTRACTOR. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE COMPANY AND CONTRACTOR ENTERING INTO THIS AGREEMENT. 13. Entire Agreement. This Agreement constitutes the entire agreement between Contractor and The Company with respect to the subject matter hereof and no agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by any party that are not set forth expressly in this Agreement. No provisions of this Agreement may be modified, waived or discharged unless such modification, waiver or discharge is agreed to in writing signed by Contractor and such officer as may be specifically designated by The Company. 14. Compliance with Law. Both parties hereto agree that if the manner of payment to the Contractor, or payment by The Company to the Contractor or any other provision of this Agreement, becomes violative of any law, including, but not limited to, federal or state taxation laws, rules or regulations, the parties shall negotiate a revision in the terms of the Agreement such that the purpose for the Agreement and the benefits contemplated to be obtained by each shall be preserved to the greatest extent practicable. The parties further agree that in the event that compliance with the law substantially precludes the purposes for which this Agreement has been made, then this Agreement may be terminated upon written notice given by either party. 15. Indemnification: Contractor agrees to indemnify and hold harmless officers and directors of MODC for any and all past or future causes of action arising from their respective duties and officers and directors of MODC. 16. Miscellaneous. Negation of Agency. Nothing herein contained shall be deemed to create an agency, joint venture or partnership relation between the parties hereto and it is acknowledged that the parties hereto have only a relationship of employer/independent contractor. Authority to Make Agreement. This Agreement is not valid or binding until and unless executed by the Manager or duly authorized party of both The Company and Contractor. Assignment. This Agreement and the rights, duties and obligations hereunder may not be assigned by either party. Notwithstanding the foregoing. The Company may assign all of its interests, rights and obligations hereunder to any of its parent entities, affiliates and/or subsidiaries or any other entity which is the surviving entity following a merger with The Company. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of July 30, 2006, intending to be bound by its terms and conditions. THE COMPANY: MODERN TECHNOLOGY CORP. By: ________________________________ ANTHONY WELCH, Chairman CONTRACTOR By:_________________________________________ ______________ , Contractor
IP: Logged |
quote:Originally posted by northwoods: I emailed AW and said that i wanted my money back. He offered me free-trading shares if i signed this:
Independent Contractor Agreement This agreement shall serve as an Independent Contractor Agreement between Modern Technology Corp. (The Company) and ____ (Contractor). RECITALS A. Contractor has special skills, training, experience, knowledge and ability to locate, evaluate, negotiate and complete the acquisition of various businesses within the United States (“Consulting Services”) and The Company desires Contractor to provide such Consulting Services; and B. Contractor seeks to be retained by The Company which seeks to retain Contractor under the terms and conditions set forth below. NOW, THEREFORE, in consideration of the mutual promises and agreements hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. Incorporation. The foregoing recitals are incorporated herein as if fully rewritten herein. 2. Independent Contractor. At all times during the Term (as hereinafter defined) of this Agreement, Contractor shall perform the duties and responsibilities identified in this Agreement as an independent contractor and not as an employee of The Company. The Company shall not withhold any federal or state taxes, social security, unemployment compensation or other payments from the Commission (as hereinafter defined) paid to Contractor. Contractor shall pay all federal and state income taxes, social security contributions and all other taxes and charges levied or assessed with respect to the Commission received by Contractor pursuant to this Agreement. Contractor agrees to abide by all applicable federal, state and local laws, ordinances, rules and regulations in performing the duties and responsibilities required of him hereunder. In addition, Contractor agrees and does herewith indemnify, defend and hold The Company harmless from any claims, losses, liabilities or expenses it or its affiliates or subsidiaries may suffer, including reasonable attorney’s fees, arising as a result of Contractor’s failure to pay all withholding obligations and tax liabilities associated with the Commission(s). At all times under this Agreement the Contractor is acting and performing as an independent contractor and shall not be considered an employee or agent of The Company. 3. Term and Termination. This Agreement shall be deemed to have commenced on the Agreement Date as executed and shall continue thereafter until 5:00 p.m. E.S.T. one year from this date unless terminated prior to such date as hereinafter provided (the Term”). The Term may be mutually extended by a written agreement executed by both parties hereto: a. Prior to expiration of this Agreement as set forth above, either party shall have the right to terminate this Agreement, with or without justifiable cause, upon sixty (60) days’ prior written notice to the other party. Notwithstanding the foregoing, this Agreement shall terminate immediately upon the occurrence of any of the following events: (i) Contractor’s death; or (ii) Contractor being convicted of a felony or act of moral turpitude, or (iii) Contractor’s taking any action, in The Company’s reasonable judgment, that is likely to adversely affect the reputation, operation or business of The Company or its affiliates or subsidiaries. b. The Company and Contractor acknowledge and agree that no provision contained in this Agreement offers, guarantees or otherwise obligates The Company to continue to retain Contractor following the termination of this Agreement. Following the termination of this Agreement for any reason, The Company shall promptly pay Contractor (or Contractor’s estate) the Commission for services rendered to the effective date of the termination as outlined below. Contractor acknowledges and agrees that no other compensation, of any nature or type, shall be payable hereunder following the termination of this Agreement. 4. Duties and Responsibilities of Contractor. Contractor shall endeavor to identify new retail store opportunities for The Company and secure such sites and opportunities for The Company. Contractor, shall, upon authorization from The Company negotiate acceptance of such sites for The Company. Such sites and opportunites may be in the form of new stores or existing stores available for aquisition. During the Term, Contractor agrees to be available to the agents and employees of The Company, on an as needed basis, to provide the Consulting Services as The Company may reasonably request, upon reasonable advance notice, in connection with The Company’s electronic, mining, and other business and financing operations. Contractor further agrees during the Term to be available, upon reasonable notice and at reasonable times, at The Company’s operations wherever situated. Contractor agrees to conduct himself, at all times while rendering services hereunder, in a professional manner and shall use his best efforts to make decisions and recommendations hereunder for the purpose of benefiting the financial success of The Company. Nothing contained in this Agreement is intended to, nor shall it be construed to, grant Contractor any exclusive rights to provide the services and duties described herein. 5. Compensation. Prior to the expiration or termination of this Agreement, pursuant to Section 3 hereof, The Company will make the following payments to Contractor as and for full and complete consideration and payment for any and all services rendered under this Agreement, whether rendered prior to, on, or after the Agreement Date (“Commission”): b. Payment shall be in the form of MODC common stock, the amount of which shall be determined to be initially 150,000 shares. 6. Contractor agrees he shall not solicit any customers, suppliers, sponsors, or advertisers of, or other third-parties doing business with, The Company for the purpose of inducing, directly or indirectly, the termination of such entity’s or individual’s relationship with The Company. 7. The parties agree that in the event a court of competent jurisdiction shall determine that any aspect of the covenants and agreements contained herein shall be unenforceable for any reason, such court may modify the covenant or agreement to render such covenant or agreement enforceable. 8. Notice. Notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered in person or by a recognized overnight delivery service or upon receipt of a confirmed facsimile transmission or when mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the last known address of the respective parties, provided that all notices to The Company shall be directed to the attention of the ChIef Executive Officer, or to such other address as either party may have furnished to the other in writing in accordance herewith, expect that notices of change of address shall be effective only upon receipt. At least initially, 9. Governing Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Arizona without giving effect to the conflicts of law principles thereof. 10. Validity. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 11. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 12. Waiver of Jury Trial. THE COMPANY AND CONTRACTOR EACH HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY AND ALL RIGHTS THAT THEY MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS AGREEMENT, ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (ORAL OR WRITTEN), OR ACTIONS OF THE COMPANY OR CONTRACTOR. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE COMPANY AND CONTRACTOR ENTERING INTO THIS AGREEMENT. 13. Entire Agreement. This Agreement constitutes the entire agreement between Contractor and The Company with respect to the subject matter hereof and no agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by any party that are not set forth expressly in this Agreement. No provisions of this Agreement may be modified, waived or discharged unless such modification, waiver or discharge is agreed to in writing signed by Contractor and such officer as may be specifically designated by The Company. 14. Compliance with Law. Both parties hereto agree that if the manner of payment to the Contractor, or payment by The Company to the Contractor or any other provision of this Agreement, becomes violative of any law, including, but not limited to, federal or state taxation laws, rules or regulations, the parties shall negotiate a revision in the terms of the Agreement such that the purpose for the Agreement and the benefits contemplated to be obtained by each shall be preserved to the greatest extent practicable. The parties further agree that in the event that compliance with the law substantially precludes the purposes for which this Agreement has been made, then this Agreement may be terminated upon written notice given by either party. 15. Indemnification: Contractor agrees to indemnify and hold harmless officers and directors of MODC for any and all past or future causes of action arising from their respective duties and officers and directors of MODC. 16. Miscellaneous. Negation of Agency. Nothing herein contained shall be deemed to create an agency, joint venture or partnership relation between the parties hereto and it is acknowledged that the parties hereto have only a relationship of employer/independent contractor. Authority to Make Agreement. This Agreement is not valid or binding until and unless executed by the Manager or duly authorized party of both The Company and Contractor. Assignment. This Agreement and the rights, duties and obligations hereunder may not be assigned by either party. Notwithstanding the foregoing. The Company may assign all of its interests, rights and obligations hereunder to any of its parent entities, affiliates and/or subsidiaries or any other entity which is the surviving entity following a merger with The Company. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of July 30, 2006, intending to be bound by its terms and conditions. THE COMPANY: MODERN TECHNOLOGY CORP. By: ________________________________ ANTHONY WELCH, Chairman CONTRACTOR By:_________________________________________ ______________ , Contractor
What does this mean?
15. Indemnification: Contractor agrees to indemnify and hold harmless officers and directors of MODC for any and all past or future causes of action arising from their respective duties and officers and directors of MODC.
IP: Logged |
quote:Originally posted by Stocktrader20: at .02, MODC's market cap would only be $50,000.
Last trade went at .03. That puts MODC's market cap at $75,473.46. Someone do a hostile takeover. If I hit the powerball, I am buying out the company and firing the CEO.
IP: Logged |
quote:Originally posted by Stocktrader20: at .02, MODC's market cap would only be $50,000.
Last trade went at .03. That puts MODC's market cap at $75,473.46. Someone do a hostile takeover. If I hit the powerball, I am buying out the company and firing the CEO.
I read someplace that AW's salary was over 90k a year. That's more than the market cap.
IP: Logged |
quote:Originally posted by Stocktrader20: at .02, MODC's market cap would only be $50,000.
Last trade went at .03. That puts MODC's market cap at $75,473.46. Someone do a hostile takeover. If I hit the powerball, I am buying out the company and firing the CEO.
I read someplace that AW's salary was over 90k a year. That's more than the market cap.
You mean when they did the reverse split it didn't include his salary? LOL
IP: Logged |
quote:Originally posted by Stocktrader20: at .02, MODC's market cap would only be $50,000.
Last trade went at .03. That puts MODC's market cap at $75,473.46. Someone do a hostile takeover. If I hit the powerball, I am buying out the company and firing the CEO.
I read someplace that AW's salary was over 90k a year. That's more than the market cap.
You mean when they did the reverse split it didn't include his salary? LOL
That's funny. What will AW do when he wants a raise?
IP: Logged |
quote:Originally posted by bobcat88: What's happening, volume is going crazy! All these trades? more so far this AM than most full days over the last few weeks.
People appear to be dumping or AW is diluting again. Probably both. GLTU
IP: Logged |
quote:Originally posted by bobcat88: What's happening, volume is going crazy! All these trades? more so far this AM than most full days over the last few weeks.
People appear to be dumping or AW is diluting again. Probably both. GLTU
I think you will find the answer if you can figure out why this board is so quiet. Pre rs levels and nobody bashing.
IP: Logged |
quote:Originally posted by Stocktrader20: Level II not looking so good.
.01 x .02
Ouch. Pre-split price per share would be 0.0005.
If I can get them at .01 I will take a chance. For $200 I could buy 20,000 share. It's like playing the Power ball, but with just a better chance. GLTA
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
