Yeah, it gets worse. Plenty of bad. IE, BL was our paid consultant thru Jan. to the tune of $15K a month. What did he do in Jan'15. for the company? Now, he's going to do the same thing on the payroll. McGann was asked about insiders not buying stock. Usual answer, then a casual reference to: I barely negotiated my salary, I told Glenn whatever. BUT he doesn't mention his $.51 options , his $1.40 options, his grants and his million share bonus for finding new financing. If those just dropped out of the sky- then he is indeed a "rock star". They didn't.
I have to say, he had better be holding 4 aces. Because he gave out nothing. The 150? Not going to talk about it. The $2M grant? Hopefully by paid thru by end of Dec. New product tie ins to complimentary companies? That's BL's job. Branding is all well and good because you need some CRED to have any kind of a peer to peer discussion on JVs but throwing a new background on the website and adding a few file photos does NOT a dynamic presence make. Its content light. Its not impactful. Its not engaging, but it is a tad better than the cheapo look/feel they were throwing out before. If THAT is the forerunner of the BRAND-A-THON, I don't have much hope. They can't even put a picture of a swab up.
OK, here's your bedtime wish: McGann is impressed with the NEW 150. He called it awesome. Of course he built in the new features, but that is IT. The shorts were NOT the big sellers today. Guess who... was? Tomorrow, the shorts will be huge dumpers.
Oh, you'll love this: the CFO has been loaning them money usually to make payroll...three times last year.
AI
