As SB said, "As for APRI, the free shares at these levels to "retain" the team that took the company to a $30 million market cap tells you all you need to know."
I agree completely. If ANYONE one the board had any integrity, they would have said, "No equity grants or options until share price is above $1.50. We must show the owners of the company that we are good stewards of their investment." The execs are lucky their salaries weren't cut in half. As it is, Pascoe will will still make over half a million dollars for pretty much an abysmal performance. But the annual meeting is around the corner. Hope you vote appropriately on the proxy.
We should kick out the entire board. Our 'boys club' for the old and feeble has run its course. No reason to think they can improve upon their past performance, and lord knows we've given them every chance.
I think Bassam Damaj must be having a good laugh. He probably recommended Pascoe knowing that he'd take the company back to the pink sheets.
Well, I guess we've all learned that IBD's 8% stop should be etched in stone, right?
At this point, we've all accepted that this money is either dead or close to it, and we've decided to let it play out and see what happens. Here's hoping for the best, fellas!
Last thing: any officer of this company talking about 'retention awards' should be fired. The people who draw a salary at this company are very well paid and the thought of having to BRIBE them to stay, especially after this year's performance, is repugnant. If they want to leave, let them. Offer that BRIBE to some new people.
