Sure it was necessary. The farce can go on for only so long. But since it's so necessary to cut losses, why is it Schadel has cut only 33% of the branches this year when revenue for the year is projected to be less than when the company had only 15 branches in 2014?
Imagine that: 20-30 branches are projected to generate $3 million less in 2015 than 6-15 branches did in 2014.
The numbers don't lie and right now the company is staying alive only because of fancy pinky footwork with debt.
But the CEO now drives a McLaren while his company's stock is dipping back to no bid with 59% interest loans, $3.5 million in toxic debt, and $2 million owed to the IRS while he tweets about "haters". What a class act.
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