In the fins you will also see the CEO makes $150k a year. Do the math on what his current shares are worth at these prices. By owning more shares and taking a discounted salary, he is incentivized to increase the share price so his goals align with the shareholders. The guy is mid 50's and has stated he's looking to retire soon. He's already turned around a failing company before selling it, which is what he was brought in to do here. If you take the time to read the financials you'll see he's done everything possible to avoid dilution including getting $5M in grants by relocating HQ. The huge A/S was already implemented by the CEO before James but the O/S is still not out of control. Dilution is something that has to happen with all companies at this level because of a lack of more attractive financing. This will change hopefully as sales improve with such great margins.
He is also a CPA. Pretty sure he has a clue what's going on. Here is his bio:
Mr. Michael C. James, CPA, is Chief Financial Officer at Terra Tech Corp., Chairman, Chief Executive & Financial Officer at Inergetics, Inc., Chairman at Guided Therapeutics, Inc., a Managing Director at Kuekenhof Partners LP, a Managing Director at Kuekenhof Equity Fund LP, and Managing Partner at Kuekenhof Capital Management LLC.
Mr. James was previously employed as Chairman & Chief Executive Officer by Nestor, Inc., Partner by Moore Capital Management LP, Chief Financial & Administrative Officer by Buffalo Partners LLC, Chief Financial Officer & Treasurer by National Discount Brokers Group, Inc., Staff Accountant by Eisner LLP, and a Portfolio Manager by FirstMerit Trust.
He received his undergraduate degree from Fairleigh Dickinson University.
