It's a public company. He doesn't give himself a salary. It has to be approved. It's also possible that he didn't realize just how toxic convertibles are (they were not always an OTC company) and is why they are now willing to go so far as to sell an asset that brings in $11M to pay off $4M... anything they have to do to get this monkey off their back.
I have to say, I agree. BUT, aren't they working to right the ship and improve the company? So that it is in a better financial situation AND share structure etc?
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