james3225,
A point very-well taken. I work for a company which has recently seen layoff after layoff after layoff. The latest round of subprime fallout has trickled down to our business. It got so bad that our CEO declined to accept his $1,500,000.00 bonus and the rest of the board members followed as well. Only one board member kept his bonus and that was accepting only 1/2 of his bonus for a measly $500,000+. I can't tell you how many jobs were saved due to this act of benevolence, but I may still be employed thanks to our board members.
Now on the other hand, ONEV's CEO gives himself a raise at a time when revenues are nearly zip, zero, zilch. Uh-huh. Let me see if I can see a correlation here. Uh-uh. Nope. I can't seem to figure that one out. How anyone, including the true longs, can accept this is beyond me. I sure as heck didn't and neither did any one of the other ONEV investors in our company (which are quite a few). Needless to say, each and every one of us had the same jaw-dropping look when we heard about Dean's latest move to add to his financial whirlwind.
Anyway, James, we can only hope that the dilution can come to an end and all shareholders can finally see revenue generated in the numbers the CEO has been alluding to for the last 1-2 years. I, for one, have stopped buying any more shares, as have all the other ONEV shareholders in our company. Maybe when the financial picture brightens for ONEV will I then consider investing more hard-earned dollars, but until then, this bank is not open for business.
Still hoping for the best,
kauaikid
