my point is that there are numerous small cap companies that merely exist for the benefit of management,where no independent board exists, where executive compensation in cash, stock and options becomes a drag on the share price. I cannot comment on whether that is or is not the case for PBLS, because we have no idea of executive compensation at pbls, but having the stock price rise is not the only path to riches for PA and upper management. For example, if management is granting themselves tons of options, (and again I have no idea if they are or they aren't and I will not even guess if they are) and those options are at a discount to market, they can make a ton without the share price ever doing a thing. I have seen many nasdaq companies where the non cash executive compensation was consistantly more that the company's earnings, in one case, (the company was bought out at a price that shareholders did not like) the company earned something like .06 for the year and the non cash comp was .11... the company was bought out only after they stopped with the insane non cash compensation.
Again, do not jump on me for saying that they are doing anything like this, because that is NOt what I am saying. I am just pointing out that upper management can make a fortune without the stock going up. Can they make more if it goes up?.. absolutely.
