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Re: traderking60 post# 14956

Friday, 03/27/2015 10:58:24 AM

Friday, March 27, 2015 10:58:24 AM

Post# of 46125
Lastly, the management has not taken a salary in the last 10 years and has even put their own money in to keep things going forward. You might be hard pressed to find even a few companies' managements that would do the same.

You could check for yourself, but if you review the financial statements if I recall, don't they state that related parties (management? CEO, right?) have loaned the company quite a bit of money at what turned out to be very high interest rates? So of course, the "company" issues equity (stock) to pay its debtor(s). Right? Meaning, shareholders are paying management & they don't need a salary. If you can live off of loans or equity issuance, you don't necessarily need a salary.

That's my understanding of it, if you know otherwise & can back it up with facts that'd be great. Nobody should rely on someone else's understanding but look for themselves.