Tuesday, November 22, 2016 11:11:07 AM
My take on Bigger is that he's a great EVP of Ops., but not a CEO of a company transitioning its product to commercialization within the energy industry.
Step 1: Reduce GB's comp to $100K and move him to an ops only role.
Step 2: Ask one of our long time Board Execs to take the CEO role temporarily until we make our first sale. $1.00 com would be appropriate, IMHO.
Step 3: Hire an EVP of Sales from a company like Emerson, which has extensive contacts within the Oil & Gas Industry (all segments). Take a look at this link for info: Emerson Oil & Gas Division. Whichever company sales exec is hired, comp. him BIG TIME for CLOSING THE FIRST AOT SALE.
Then watch SHAREHOLDER JOY ensue.
GLTA!
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