I firmly believe that they have NOT squandered the money, but are trying to be as conservative as possible, including their recent downsizing of office space. On the other end, I dont think they have bought anything b/c that would require the issuance of an 8-K for material information. So besides the salaries of the previous CEO and CFO and severance, I feel pretty good about the fact that they still have all their money piled up, dressed up with nowhere to go, so very sad. LOL
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