OCAT has top heavy bloat IMO. OCAT has what, maybe 36 full time employees I believe from last SEC filings?
But they've now stacked the "C" level mgt with SEVEN positions (a ratio of about 7 to 29 then??)- essentially seven VP level and above? SEVEN to run a company that for all intents and purposes makes nothing, has one very small facility, has no approved product(s) or any sales for the most part, has no real "operations" as they really make nothing yet, etc???
I've personally worked for companies, highly successful and extremely well managed and profitable public traded companies and one still private owned (a private owned, 100 yr old world wide medical products company who's parent company is Euro based, still run by descendants of the original founder, doing $5 Ba BILLION plus Euros in annual sales w 49 thousand world wide employees- w/ enormous facilities all over the globe and a product recognized in every hospital, every dialysis and every military med facility on planet earth) the other public traded firms had/have sales in the several $HUNDRED MILLION annually to $1 BILLION or more annually with low end 300, to 1000's of employees or more- and had less "C" level mgt than OCAT presently has. That's a fact. And these companies I worked at had true "global" operations, they owned and operated multiple manufacturing operations with 100's and 100's of thousands of sq-ft of operations/manufacturing floor space (typically even owning the dirt under um and all plant and equipment, meaning not subbed out) spread across multiple states and/or even onto other continents, they had enormous customer lists, global production operations, huge tech and engineering and operations and quality staffs (one, the private firm being FDA and Euro regulated for medical products), entire sales and marketing and service departments to support such global levels of sales and customer bases, etc.
And they operated with less than SEVEN "C" level positions. This company OCAT, IMO, is bloated top heavy and very self enriching to the top of the chart "boy's club" members. They self vote their own perks and pay increases for one thing- as they hold all the shareholder voting power the way it's structured right now.
Being bloated top heavy IMO when they for all intents and purposes don't even make sales, let alone make a freaking profit or have DIME ONE of positive cash flow- is a sign of gross company senior level mis-management. Bloated mgt structures are one of the first things that professional grade CEO/Sr level mgt sees, recognizes, and then chops, hacks, axes and cleans up when they're brought into a company. The reverse is happening here- OCAT is stacking the top while essentially nothing is happening. They have nothing to sell yet, no FDA approvals, no global operations, no customer support or sales and marketing or whatever yet- they're barely out of the science project lab stages still, but are loading the Sr mgt ranks as if they're running some massively profitable, sales and cash generating fantasy company? Make no sense to me, none.
Not a good sign IMO. Just more money they don't have being spent on who knows what (well other than those few, select insiders getting filthy flush while the common shareholders get a 98% plus loss to common shares since going public) ?
