Mr Luther,
We are clearly stating the lack of performance of the company and stock since Mr Mullans reign as CEO. He clearly has been the leader as the company stock has dropped 99%, the bad debt deal was signed, the product was taken off the shelf and they now have no revenue stream. He continues to be paid $750k a year ($150k deferred and still a company obligation) for this exceptional performance under his direction. As the Chairman of the board, he will not remove himself.... I have been a board member and removed a president based on performance but this can not happen in this case with Mr Mullan holding both positions.
Can you please explain why the CEO has only 34k shares according to the 14A pg 10? Why did they also tried to prop up or "add smoking mirrors" to the minuscule share total of the CEO.
I have attached the notes and go with the asterisk next to his share total (3) Includes 40,000 shares that Dr. Mullan has the right to acquire upon exercise of stock options, on or before the 60th day following July 6, 2016.
So on over 300 million outstanding shares, the CEO that drove the company to the brink of destruction, has only 34k shares and asking you the shareholders to do a reverse split of your money.... Please enlighten me on his good intentions when he cant buy more 34k shares on his meager $600k salary plus salary at Archer.
Very interested to hear your enlightenment on an overpaid scientist trying to play CEO got duped by businessmen. It is his signature on the worst secured note deal ever signed in history... IMO
