One other thing on the proxy....management seems to have been rewarded with a boatload of options last year. However, a vast majority of those options are exercisable at 3.72/share, meaning they, too, are underwater. And management salaries are relatively low (when compared to other public company C level management, and big city, big firm lawyers). Based on my read, it's tough to say management isn't aligning their interests with we shareholders. They make very little until the stock shoots past $4-5/share.
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