Trebeg, if Dr. Victor doesn't have a clue about financing, explain to me the substantial amounts of compensation regularly given to his spouse Anna Rhodes who has also been a Director in past years.
She has an honors degree in accounting from the University of Texas, IIRC. From the most recent Form 10-Q "the Company incurred administrative salary expense of $45,000 and $90,000 for the three months and six months ended June 30, 2014 and June 30, 2013, respectively, to the spouse of the Company’s Chief Executive Officer and majority shareholder." (BTW I have a hard time making sense of these dates.)
As an administrator with the ear of the CEO, one would expect her to contribute some financing savvy in the absence of a CFO. At least it seems a reasonable assumption to me. Or am I missing something here?
There's also the internal bookkeeper and outside accounting firm who must keep track of the complex financial, licensing, partnership, and other deals. Quite a task--and whoever was responsible was not up to it.
