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coastiretired

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coastiretired

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Tuesday, 11/15/2016 12:13:30 AM

Tuesday, November 15, 2016 12:13:30 AM

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They roughly spent $4 million to sell $150K of product during the third quarter. That's got to merit at least $2,616,485 in non-cash stock-based compensation for the quarter. . .Right?

If they can hold this pace, it would take eight years of gross profit to cover the amount of stock-based compensation they issued to themselves in the past quarter.

https://www.sec.gov/Archives/edgar/data/1178727/000121390016018468/f10q0916_droneaviation.htm
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