The transcript made a good read, and I was impressed by a couple of things in particular. My favorite is:
"In addition, management voluntarily forfeited any invested stock options and we have suspended executive bonuses, executive equity and executive merit increase programs until we further strengthen the balance sheet and reach our stated goal of EBITDA breakeven."
(All I can say about that is Its About Time!)
And then later during the Q&A: "Obviously you know right now the stock market is not for the faint of heart. Doing IPOs and follow-ons is very challenging and so any additional equity in a traditional sense would be very painful for us and for our shareholders."
(But of course they've already done the painful to shareholders thing
big time!)
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