Thanks griff for outlining the salary. As a shareholder of Fuse, there is no doubt on the reputation of this entire organization from the execs all the way down to the sponsors involved. Having said that, I do have concerns and by no means am I trying to bash a stock I own. As a shareholder I am optimistic/hopeful but at the same time cautious, so my concerns are just that and I hope you board members won't be raising any pitchforks and pleading for deletion.
I know the positives of DROP, but I also have concerns such as:
1. Although sponsored by all the athletes, especially Tiger Woods (main reason that brought me to this stock), celebrity pumps aren't something that is uncommon. Although I'd hate to believe these pro athletes are "lending" their reputation for it, it is still a possibility. Since I'm on the topic of leveraging reputation, this too goes for the Board of Directors. They are "known" for what they do, but are they really involved? I hope so.
2. The $216k salary amazes me, there were discussions of an $8/hr staff to answer phones and such, as well as "focus" on foundation thus rendering the $16k annual salary for the staff to answer phones. Not to say the execs don't deserve the $216k + car allowance, but I'd rather see each exec shave $4k-$6k off their salary and hire someone to answer phones. Whether it be for ihub posters to call or anyone who has interest, someone should answer the calls as they do have a number posted up. Heck, even if they hire a virtual assistant in India to take calls it would ease anyone interested in this company. This would only build confidence among the shareholder community and any other possible prospective investors. But diluting the stock and having us shareholders buy more so that the BOD's can drive nice cars and have a $200K+ salary when it could be used towards raising capital or other things like an $16k secretary slightly bothers me.
3. Yorkshires pic. It's not fair for us to blast this board member for not posting a pic, but at the same time, if I was an excited shareholder who just got the product, you better bet your bottom dollar that I would show all of you guys, especially if several members have provided tutorials on how to post a pic. And it's not like anyone of us don't come to ihub to check out the new posts whether we decide to respond or not, so I'm sure all of us know how to post a pic on here. Although I believe the product is real and being shipped, how is it that Yorkshire is the ONLY one to get their Energel?? You're telling me not a single FUSE shareholder on ihub who purchased the Energel has not received it yet and only Yorkshire did? I really hope that is the case because the lack of pictorial evidence and confirmation from more than one member is starting to raise some red flags.
4. No matter what happens, there will always be pumpers and bashers. But what really bothers me is how anyone who has a "negative" view of FUSE, they are automatically coined a "basher" and threatened for their post to be deleted because their comment does not hold any "facts". If that is the case I think it would only be fair to coin all those with positive views (those who say this stock "is" going up to $$$) as a pumper and also be deleted because they have no proof or fact to say that it will. As one of the members had stated, it's important to see all pros and cons no matter how notorious their claims may be as its important to be an informed investor and ultimately decide based on their DD to make the choice that is right for them.
Yes this rant is quite long but I'm sure it sums up the sentiment of many FUSE shareholders on ihub. These 4 main points I've listed are currently raising "Red Flags" for me, id like to believe everything is going well and I'm just being paranoid, but as a wise investor I can not turn a blind eye to the these "Red Flags" and just accept everything is smelling like roses.
