Honestly does not bother me one bit that they are getting salaries. The salaries aren't even that high for executives. If they were roaming around 500k maybe I would be a little concerned. 1 million? Yeah it probably would be a huge scam, but 200k a year is reasonable.
This is only my opinion. People do deserve to get paid, just like shareholders and everybody else, but shareholders won't get paid if the executives don't do their job properly.
It doesn't surprise me PPS is so low. I've seen companies go from dollars to pennies... all the way .01 cents and bounce back to 14$.
Back in 2012 ish there was company called PLUG power. It was trading at around 0.50 cents at the time. I liked what they were doing so I bought in. I sold at 0.80 cents because I was having trouble with my car and needed to buy a new one. This was in Oct. of that year, shortly after it jumped to 1.20, then 2.50, 4.00, 6.00 then it got to around 12-14$, I can't remember now, but that was going to be a massive profit for me if I had held out for it and just sucked it up with not having a car to drive.
Lesson learned for me.
PLUG is worth $1.69 now, but for a long time was in the 2$ range, stable. At the time I had invested PLUG was about to be delisted from the Nasdaq, but it was coming back and from 0.01 cents for that matter. It was because the company was nearing profitability. When the stock rebounded and shot back up it was because the first time profits from contracts were finally put in into play.
So never give up with a stock if you believe in it. I always knew I was in the long haul with PMCB, even if it took 5-10 years. If after 10 years I don't see anything come out of this then I will cut my losses, but there is no point in crying over short term losses. If I could find more money I would buy more PMCB. 0.04 cents is a steal.
