- Cash on hand now $22K, down from $2 mil. in 2011 - Executive compensation now $1.37 mil., up from $815K in 2011 - CEO compensation $870K, up from $635K in 2011 - No revenue - No mention of NOVs from ADEQ (they claim exemption from reporting business risk) - Very recent legal action by IronRidge to force Hondo to issue them more shares (decision pending)
Interesting that executive compensation is way up, at a time when share price is way down, and almost no cash on hand. I wonder what that means?
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