So they dropped the ball a long time ago & get $50k cash bonuses and double the annual equity compensation.
Clearly the type of things that a "world class management team" would do.
Again, I don't think they're overstaffed and have never stated such. I'm saying they haven't been performing well enough to be earning their huge compensation packages considering what they've delivered in the past decade. Especially the part timers.
I would advocate no more bonuses or pay raises until after financing is in place. Future pay raises and bonuses should be tied to shareholder success, It’s also good motivation for mgt to accelerate financing efforts. Just my opinion.