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Tuesday, April 15, 2014 1:29:57 PM
Common stock shares massively diluted from 27,327,705 shares as of only June 30, 2010 to now 420,920,157 as of March 24, 2014.
And still, some call this a $billion "opportunity" or company and say "management is doing a great job" or whatever, blah, blah, blah.
By any generally accepted business metric, performance metric that I'm familiar with out there, this is a total, abject business failure by any measure anyone wants to use IMO.
AND, despite all that- the two key players in the company, just, essentially tripled their own compensation packages recently. One, the CEO, to a total annual compensation approaching $1 MILLION annually (while the total market cap is now $10.5 million, and the company is buried in debt and near out of cash- making it essentially worthless IMO)- that's laughable IMO. AND, that includes "bonuses"?? Bonuses FOR DOING WHAT?
(see most recent 10-K, PAGE 71)
If this doesn't smell bad to people, then they must be "hard of smelling" IMHO.
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