Once more, into the breach.
-shareholders meeting today, who's in?
-been avoiding this turkey for while, too painful
-glad to see "Tiger" and "Cryoport" back posting their point-counter point. These are 2 intelligent guys, giving great information. Not sure what Tiger's motivation is, since he's a non-shareholder, but reading his posts is great for any serious investor. Hopefully, he's paid by someone for his efforts.
Today's meeting will not be the "lovefest" and "back-slapper" that last years was. Larry sold us a bill of goods with the reverse split. Our fears and reservations turned out to be true. Who needs NASDAQ? If we can't turn a profit, it doesn't matter what exchange we're on.
$119,400 in audit fees paid to KMJ Corbin and Co in 2010!!
Terrible.
Larry's total compensation package for 2010: $922,149.00. He needs to prove he can run a profitable company before receiving this type of money. Our board of directors deserves to lose their shirts in stock value, when this type of stupidity is exercised.
Catherine Doll's compensation package; $243,130.00. Jesus, the bean-counter. We don't do enough transactions for her job to be more than 25 hours a week.
Finally, Bollinger, $174,520.00. This guy could have been on sick leave for the last 5 years, and we'd wouldn't be any worse off. We haven't been manufacturing enough containers, to get him to leave his table at Starbucks.
Obviously, Larry's thinking was the stock was going to rise with "news", rather the old fashioned method of "net income". After the flawed regime of Peter Berry, 90% of the posters on this board could have told him this wasn't going to work. He'll always been known as the guy announcing his stock option numbers while the rest of us were losing 85% of our investment.
Let me know if anyone else is going to the meeting, or if you have any specific questions for Larry. I'll have a full report up sometime in the evening.
