Pyramid Oil Company (PDO)

[makesumgravy]

If Michael Herman believed this why has he been selling consistently, other than to buy back after he has made millions off his stock?.............The money he has raked in almost equals the companies marketcap at present...........

Is this man worth $13 million is my question?, no way he or any of the other insiders can justify this kind of compensation. Certainly not the shareholders, or the market. The company will get punished for it. If this was a private entity his salary would be in the tens of thousands not millions, or there would be no business..........this is nothing but greed, and the shareholders who bought higher than where he began selling is paying for it, its investors dollars paying for is take, its not a salary based on generated revenues, and when you think about the float the company had prior to the f/s, a little more than a million, he is just one of a few controlling its price...........this isn't an excusable offense..........he has done alot damage, and will continue to do so by his pattern of selling..........He is just one of few who has benefited greatly from this f/s.

Future revenues won't even come close to the compensation he has paid himself...........this is the problem with what we see in so many of these public companies today, and part of the causes for their collapse.........




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