$INBI 8K detail & link .. Change in Directors or Principal Officers, Financial Statement
http://biz.yahoo.com/e/130320/inbi8-k.html
On February 18, 2013, the Board appointed Shad Stastney as Chairman and Chief Strategy Officer of the Company. In conjunction with his appointment, he entered into an at-will employment relationship with the Company. In consideration for his services, he will receive a base salary of $175,000 and will be recommended for grant(s) of stock options of the Company. Payment of this base salary is deferred until, and the date on which such options are to be awarded is, the later of (i) January 1, 2014, or (ii) the date on which the Company's securities held by the Company's principal shareholder, Vicis Capital Master Fund, have been redeemed in full. Mr. Stastney has executed a standard and customary non-disclosure and non-competition agreement in conjunction with the employment arrangement.
Mr. Stastney is the Chief Operating Officer and Head of Research for Vicis Capital, LLC, a company he jointly founded in 2004. Mr. Stastney also jointly founded Victus Capital Management LLC in 2001. From 1998 through 2001, Mr. Stastney worked with the corporate equity derivatives origination group of Credit Suisse First Boston, eventually becoming a Director and Head of the Hedging and Monetization Group, a joint venture between derivatives and equity capital markets. In 1997, he joined Credit Suisse First Boston's then-combined convertible/equity derivative origination desk. From 1994 to 1997, he was an associate at the law firm of Cravath, Swaine and Moore in New York, in their tax and corporate groups, focusing on derivatives. He graduated from the University of North Dakota in 1990 with a B.A. in Political Theory and History, and from the Yale Law School in 1994 with a J.D. degree focusing on corporate and tax law. Mr. Stastney is a director of China Hydro (NYSE:CHC), Master Silicone Carbide (PINK:MAST), China New Energy (PINK:CNER), Zurvita Holdings, Inc. (PINK:ZRVT), OptimizeRX (PINK:OPRX), Ambient (NASDAQ:AMBT), and netTALK.com (PINK:NTLK).
Just very excited to bring this all to your attention and see how $INBI trades today and into the coming weeks!
