Followers | 484 |
Posts | 14208 |
Boards Moderated | 2 |
Alias Born | 06/20/2006 |
Tuesday, June 21, 2022 3:55:43 AM
One of the very first lessons I've learned over the decades of trading/investing in OTC stocks is to avoid OTC tickers that have a long list of Officers & Directors that suck the life out of the company with their exorbitant/bloated salaries. I've learned to avoid those OTC tickers like the plague because they ALWAYS fail miserably and the shareholders get screwed. For conversations like this, Gman111, I like to compare and contrast MONI with other OTC tickers with similar share structures to help me make my point.
For example, I think that a good comparison for this specific discussion is OTC ticker TOMDF, so lets compare & contrast the 2, shall we?
TOMDF vs MONI G&A expenses:
If you look at last years annual report(10k) for OTC ticker TOMDF you'll see the long list of Officers & Directors with big bloated salaries that I always make sure to avoid at all costs. The CEO of TOMDF paid himself $726,305 in 2021, now compare that to the current MONI CEO of $0 , can you see where I'm going with this? If MONI was paying it's CEO $726,305 dollars a year like TOMDF is, I'd be long gone. That's a bigger salary than most CEO's of large hospitals get paid, Why so much? But it can get much worse when you start adding other Officers & Directors to the payroll, like for example TOMDF also paid their CFO $428,153 last year, so just between the CEO and CFO those two sucked $1,154,458 out of the company just to pay their own salaries
now if that's not crazy enough, and you start adding other directors to the companies payroll, like Dr. Herman Weiss whos salary was $216,502 in 2021 and Lauren Chung who slurped up $214,134 last year, and Moshe Abramovitz for $207,124 and Moshe Schlisser for $222,437 last year, TOMDF paid out to their Officers & Directors a whopping $2,014,655 in salaries alone.
Now compare that overhead with MONI, can you see the difference? Now how do you think all of those officers and directors get paid, Gman111? They sell the companies stock, usually through convertible notes that dilute the hell out of the shareholders just so all of the greedy Officers & Directors can take home those fat salaries, and the toxic death spiral financing just to pay their salaries never ends until the company ends up collapsing under the weight of their own greed. You see we don't have any of that here with MONI. MONI has practically no debt, no notes, no dilution, and no long list of Officers & Directors to suck the life out of the company. Can you see why I use TOMDF to compare it with MONI? It's a good comparison, right? MONI is a lean machine and TOMDF is a bloated pig. It seems the way MONI is set up, BitGift will have to succeed for Frank to make money and get rich, but even if TOMDF does not succeed, their CEO & Officers & Directors still get rich, right, all while their shareholders get screwed. This is why I am glad Alison is gone. I'd rather Frank pay developers and other costs associated with getting BitGift up and running instead of paying big bloated salaries to CEO's. Besides, from what I understand, BitGift was Franks Idea, not Alisons, what exactly did Alison do, make a few tweets? So why does Frank need to saddle the company with death spiral financing just to pay a bunch of Officers and Directors fat salaries like TOMDF has? The good news for us MONI shareholders is that he doesn't. I'm happy with Frank being the interim CEO. It saves us a bunch of money that can be better used for the companies immediate needs. Do you understand what I'm trying to tell you with this comparison, Gman111?
Recent MONI News
- Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • InvestorsHub NewsWire • 05/07/2024 01:48:58 PM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM