Wasn't even close to a million dollars he burned up. At the time it was around $70k (He had just given himself a $200k bonus approved by himself). Also note, recent buyback approval was for "up to" $2mil buyback. Funny thing is LTNCs cash on hand last qtr was less than $200k, Ltnc still has millions in toxic debt and is looking for more loans just to keep operations going. Given the negative profit, can I ask where they will get the money for a buyback? All smoke and mirrors unfortunately.
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