I don't understand why you are so upset about the dilution. The 45 million shares to Brian Bonar has been a given since he was signed up by Perry Law 2 years ago. He has now rightfully been awarded about half due to his performance with Automated which has not been enhanced with other revenue by one red cent. I clearly document that assertion with Automated revenue figures in my post #8497. I also made a more complete post of Automated revenue data in my May 13th post #6333. The URLs are:
I also gave you my take on shares being awarded Bonar, Naccarato and others. I think I'm looking at as a glass half full and you are looking at it as a glass half empty, IMHO.
Brian Bonar's responsibility is to run a profitable company and not to keep day to day share price up. He is running a profitable company in spades by just about every metric I have seen. The first Current Ratio greater than one in a few years was 1.01 the end of December, went to 1.18 when Communications was removed from the equation and is now 1.33 at the end of March. Book value was negative not long ago and is now five cents a share. The revenue data is spectacular. Current Ratio was terrible until Automated revenues really kicked in.
Keep in mind that the Bonar 2/3 ownership was built into his contract by Perry Law when Mr. Law was CEO of the Vancouver Security operation and that was Smart-Tek in it's totality. Mr. Law was bringing Brian Bonar and his PEO business into the Smart-Tek fold and made the deal he had to make. It is not a deal Brian Bonar gave himself.
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