How much equity does NWBO have in the property or are we underwater?
A bank would ask these basic questions of NWBO if approached for a loan so you think the very owners of the company have a right to know.
So yes, if you define throwing money into a black hole as frugal while not retaining a separate CFO (something I sued to oppose when I trusted management) then yes they are frugal - as in penny wise and pound foolish.