What's the big deal about the Doc being the only employee at the management level? ASR is a very small company. Lots of small companies only have one employee, and they wear one hat. They can carry the title President, VP, Secretary and Treasurer all at once. Most Sub S corps are structured this way and you will even see it in a C corp. The primary difference here is that ASR isn't private, it elected to be a public company and issue stock, but like any other small company, trying to eek out a profit is the name of the game, not how it's stock, board and management is structured.
A Payroll is VERY expensive, one of the largest expense you can have on the ol' ledger book. At this stage of this company's reinvention of itself from a distributor to an actual manufacturer, as a shareholder, I like the fact Tirotta is the only management employee as long as it's not a lavish salary he's riding on.
Roth is a board member. Board members are not employees although they can receive compensation.
If they have 5 other employees, the company must be doing better. They used to have only 4.
People have to realize that most of these Pinks are very tiny companies, some smaller in sales and capitalization than your local 7-11. They chose to capitalize themselves in the Wild West that is the Pinks and Pennyland. Trying to trade these 3-10 man operations is an art in itself, but it can be done and huge profits can be had. Expecting and/or comparing them to be run like a Fortune 500 company can be a very expensive lesson though.
GLTA
