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In Reply to: Re:this would be the first posted by Bbqczar on July 16, 2013 at 22:33:30:
Thanks for the reply. I have have listened to the discussion and the only thing I can find wrong with it was the way it was handled. It is very common in the business world to ask people to sign non disclosure agreements. In this case it looks to me, to be that they wanted to share some information with the board members and they wanted to make sure that no board member prematurely released the information to the public. That would be a reason to ask them to sign a non disclosure agreement. That sounds OK to me.
I would have set up a closed meeting to share the information with those who had signed the agreement. If they had not signed the agreement then they wouldn't have been invited to the special closed meeting the wouldn't have even known the meeting had happened.
Like I said it is very common to have employees and board members etc. to sign Non Complete, Non dis-closer, intellectual property agreements and Non compete agreements. In my life I have signed several such documents with employers, clients and the US Army. All of the people that required me to sign these documnent were serious about these documnents, most of all the US Army.
When businesses are making deals they sometimes have to be extremely careful especially if they are doing any business with a company that is in any way controlled by the SEC. You cannot disclose any information that could result in insider trading of stock. What I am trying to say is nobody know how sensitive this discussion could be. Untimely disclosure of business information could have a adverse effect on peoples jobs, fortune and life's in general.
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