"but god do those guys look like they love money."
Well, I'd have to say the SEC filing numbers support that viewpoint IMO.
For a cash poor, debt riddled company with auditor "going concern warnings" (they finished last qtr with about $90K in the bank, grand total cash and took another large loss from operations)- but managed to hand out very large percentage base salary increases and $800K in cash bonuses to just two people, while their R&D spending is running about $5K lousy dollars per month (see last 10-Q filing)- yeah, the money and perks sure seem to flow to the same place all the time IMO too.
Not too hard to figure out IMO. It's right there in the documents. Major trials can't advance for years for "lack of funding" but just base salary and now "cash bonuses" for two people, in a company with a grand total of 4 people plus 1 part timer (last 10-Q stated that)- just those two are consuming:
$525K base + $500K bonus = $1,025,000 and
$250K base + $300K bonus = $550,000
Totaling $1,575,000 per yr for just two people- yeah, I'd say that's not a bad gig and not bad living IMO. Especially when the common shares are continuously being diluted like water (over 200 million shares diluted in 1 yr, and a doubling or more of shares O/S in 1 yr), the ROI to the common shareholders is non existent- a 98% or greater loss since the IPO and about a 95% loss or more for this CEO since he took over in 2010 (.50 cents or more per share when he took over to a recent 1.5 cents, with a low of .0063, 6/10ths of 1 CENT, Dec 2013)- yeah, it's a good deal for sure IMO.
