The bro's never gonna step down this is their vanity operation and each making about 250K/year plus bonuses, perks and they control so many Preferreds the Commons like us don't even count, all this from their own filings...
This latest filing indicates they're trying to forestall the R/S by sucking in more money to keep afloat hoping their tinkerings with the company and PR's are enough -- anything but cut their own perks and salaries and step down!
Gotta hand it to 'em though on improving the branding, moving it out of the niche "hookup" space which has been kind of tacky.
Into a more generic meetup facilitation, synergizing Apps and 4-wall, that is forward thinking, too bad so much debt already.
Seems lotsa folks are gambling they'll pull it back up enough without an R/S, the dumping has slowed considerably. At these prices a calculated risk but I'm not a Vegas odds-man. flip a coin.
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