So lets take a closer look at these comings and goings....
Bill Ince with (@.07 per share) $184,090, is now gone. In his place are Jeffery Babka = $6,300 and Doug Mathias = $1,400. Not exactly a huge stake in the game for the new players.
James Egan remains but his stake has been reduced from $150,500 to $77,000.
Richard Blumberg remains but his stake has been reduced from $541,180 to $360,975.
So no matter how you arrange the deck chairs, the beneficial owners and managers, the guys making the decisions.....(@.07 per share)their collective stake in this game has been reduced, as I pointed out earlier, from $947,858 to $517,762. That`s a 45% reduction.....in one years time.
Any way you try to spin it, that is not the direction, or the extent, a shareholder would expect from a management team that, press release after press release, pumps this company`s product and it`s potential.
Thin
