I'm still trying to figure out why the McLaren was anything other than monumentally stupid if Schadel actually bought/leased one. The car is worth at least twice Ryan Schadel's salary despite it being used (over 7k miles on it in the Twitter pics). He is the CEO of a nearly bankrupt company that is rapidly shrinking in branch count and even faster in terms of revenue averaged per branch. He owes $2 million to the IRS, $3.5 million to toxic note holders, recently took out a $175,000 loan at 59% interest, bought $165,000 worth of stock (with corporate funds) in a similarly performing company, and has effectively no cash on the books to pay for the hundreds of thousands of dollars he has spent in the past 30 days.
After all that, he gave himself a $220,000 "bonus" and is now flaunting a luxury sports car and tweeting about "haters" while any longs who actually kept faith in this jerk look with bewilderment at the loss in value of their position during an extended period in which Schadel either lied or withheld information about material developments during which he bought literally BILLIONS of shares of his own stock.
The stock is at .0008...yee-friggin'-haw. The pps is still at over a 99% loss and the OS is an outrageous 7+ billion with lots of room left in the AS for dilution.
Flippers are having a field day here, but Schadel's responsibility has nothing to do with flippers. He is a failure and a crook and it will come out in the wash with the SEC.
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