porscha: Re: ...it was recently reported in a filing that NV management have declined to take their salaries over the past few months...
Please cite the filing. I do not recall seeing anything of the sort in a filing. I recall that it was posted here, but we all now know that a lot of disinformation about what "management" said was posted here.
...but this isn't the first time they have done this and for the most part they have done this without any publicity nor fanfare.
You are, no doubt, referring to the announced "salary cuts" where Ketch "cut" his salary from $250,000.00 to $268,000.00. It's all in the filing. The only explanation that I have heard for the so-called "salary cut" that was actually increased was that the increase was due to deferred salary from a previous year. I clearly showed that the SEC requires that all salary, deferred or not, must be reported in the year in which it was "earned". Even so, the faithful have chosen to disregard that fact and continue to believe that they actually cut salaries.
It is a simple, verifiable fact that in the year that Ketch publicly stated that he was taking a salary cut, his salary increased by $18,000.00.
...it also seems they have dismissed their san diego employees and closed that office. this is certainly a cost cutting measure...
I admire your ability to take the fact that the company has closed its doors and spin it into something positive.
AI
