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Re: As I See It post# 5086

Monday, 10/21/2013 12:09:37 PM

Monday, October 21, 2013 12:09:37 PM

Post# of 61020
I think you have it twisted. I have consistently maintained that I felt the overhead was a number that no one in their right mind could justify. The company is in no position to begin manufacturing anything. The dollars would show up in R/D and they are not there.

Look at the last 10k. Research and development costs are on the order of 10% of the total operating cost and the license to Temple is in that number! Why does the company have 10 employees and a host of consultants on the payroll burning cash daily ,yet they keep the insider perks escalating Q over Q? This is the question. If you had 3 people working in 1500 sqft office in Goleta, squeezing every dollar ,as if it was water for life, then you would know insiders were committed. Here the top 2 guys make 640k plus bonus plus warrants plus God only knows what else .

So I guess we'll just continue to agree to disagree.


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