Thinking back to the early GeoInvesting videos, Meaney was pleased that it was Henry Silcock's idea to convert or buy back the Preferred Shares. It saved money. It wasn't Meaney's idea because Meaney regards shareholders as an SEC burden. Meaney's management skills are limited.
Hiring his son-in-law, Mark Malone, as a VP and quickly promoting him to President was Meaney's idea. Whatever pressures were on Malone, perhaps personal, he resigned with a golden handshake keeping him as a highly paid consultant. But wait --who would think Malone was so valuable as to bring Malone back into the executive fold as Chief Financial Officer and Chief Strategist. It was father-in-law, Meaney.
Henry Silcock is still the Chief Technology Officer leading a frugal life, content to move along technology.
HOWEVER, the new President and Chief Operating Officer is Chuck Bristow, who has been with MKRS many years. Think about Bristow's title in light of Malone's new title. The President is the Chief Operating Officer but he's not the Chief Strategist.
M&M boys still run the show. No Annual Bonus, but what else is the Board of Directors doing other than rubber stamping the Meaney whims.
