"We don't anticipate at this time any more major charges," David Lieberman, who was named Chairman in July, said during a conference call on Friday.

At this time? Of course not! If you did, you would have another 8K disclosure.

These are the types of responses you will get when you have an attorney as the chairman of this company.

Where is the independence of the existing Board of Directors? The existing board couldn't find a real, or more experienced Chairman? Are they trying to hide something by appointing or the self appointment of the position of Chairman? Is this move going to really help Herley with it's customers and vendors? Is this acting in the best interest of the shareholders?

This is a joke, and in my opinion a possible FRAUD. Let's not forget about the recent shares/options these folks awarded to themselves in the last 60 or so days. How convenient the timing of these changes and the issuance of equity dealt out. All at the cost to the shareholders. But hey, don't worry, counsel/chairman doesn't anticipate any more major charges. So believable..Let me back the truck up and load up on some HRLY shares. Oh, please!!!!

To the Board, Haven't you had enough issues these last few years? Looks like you possibly want some more. I think the feds should see who is holding up HRLY's stock price, why the decision was made to have a lawyer and former director named as it's chairman. Are there other Galleon's out there holding this stock artificially high, or on potential inside information?