Do small startup companies gift themselves almost 4% of the company while shareholders sit in limbo for the last 7 years? Board buddies and themselves didn't even do comparisons to other small startups, only the following quarter after the big bonuses. And then to put in a cost cutting contingency plan into their report. You would think that $5 million bonus (when it happened) would have been better served elsewhere.
So I will take every opportunity to criticize the twins where I see fit. I strongly believe this company would be much farther ahead if they had some real talent running the ship, with actual experience in this field. . Why is it we need 2 CEO's??? Did they ever give any real explanation as to why this was done? Nope!!!
If they had been given options like other startups get, would have been a little easier to swallow. If they were given them AFTER some significant news where shareholders saw some significant gains, no problem. Like Blue says, this is a public company. Where shareholders like all of us (technically not me...yet) should be considered in their actions.
Accountability is lost in this corporate world we live in. Since my minute voice in this grand scheme of things will do nothing to change or shape anything. But if they don't deliver this year like promised, maybe it will be the start of something. To get new management in place to get this great technology that they stumbled upon, known, and doing what it was meant to do, save lives. And in doing so, make investors a boat load of money.
