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Tuesday, October 26, 2010 12:25:54 PM
1. scheduled payments Dean arranged to payoff judgment holders from the fire lawsuits. These are commingled with SG&A expenses so you really can't separate them out.
2. High overhead employing 13 people. Management alone cashes in over 500K a year. They also have an IT guy and couple of techs, Becky. Thats another 200K. So they spend 700K on salaries when they do 1.5M in sales! Thats horrifying...Add the litigation and just basic overhead and this company is hemorrhaging cash.
Mr. Dean Janes , 45
Founder, Chairman, Chief Exec. Officer and Member of Compensation Committee 149.00K N/A
Mr. Christopher Sohn , 51
Pres, Chief Operating Officer 125.00K N/A
Mr. Xavier Aguilera , 62
Chief Financial Officer, Principal Accounting Officer, Exec. VP, Sec., Treasurer, Director and Member of Audit Committee 95.00K N/A
Mrs. Michele Janes , 44 (ex wife?)
VP of Admin. 49.00K N/A
Mr. Mike Nessen ,
VP of Bus. Devel. N/A N/A
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