The founder, who was the ex-marketing manager VP of AOL (sort of founder) had trued to take a new CO2 to fuels conversion to market.
After about 2.5 years, they gave up, founder left as CEO, hid as the COB, and they put a guy in as CEO whose Salary was to paid in shares at some good awful discount for $250,000/year for doing nothing.
They tried to run about 6 rounds of scams on it over time, after the main tech idea failed, and I tolled folks for years every time the started pushing it, that it was scam. Still trying to remember the ticker name....
The Golf story is a common one about CEOs puling massive salaries like $250,000 to $500,000 / yr that do nothing but play golf all day, that have no revenue, just an occasional new scam idea...
"What does getting paid $250,000 playing golf have to do with anything? Did the company generate that revenue? "
Sorry if my earlier post was too vague.
All of my posts are strictly opinions and should not be considered to be facts, or investment advise. They are for entertainment purposes only.
