Maybe he could choose his words better but I don't understand why more aren't critical of management. What are their recent accomplishments? Stellantis and EXIM? Neither done yet and they are past the timelines for completion provided by management. Financing should be in place before the increases below happen.
Here are the employee costs from the 3rd quarter 10q's going back to 2017.
2024 $2.531 million 2023 $1.405 million 2022 $308k 2021 $327 2020 $341k 2019 $552k 2018 $410k 2017 $409k
The biggest driver of this increase is the massive stack of cheap options they gave themselves this year. The merger failure cratered the share price and Mark is rewarded with 3,750,000 options in pre-split numbers at the bargain price of $2.99. Several years before that he received only 500k options. This is obscene. I guess he thought no one would do the split math.
Last year was a disaster for the company. Mark should not get to cash in like this if what will amount to a government bailout comes through.
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