Agree, none not any of these small companies should ever, ever have more than 70 mil o/s. Never more than 100 mil a/s.
In the extreme 150 mil total o/s, and then if they need to reverse it should be one time following this they have to buy back any shares o/s. A senior would only get one opportunity and if this failed they will either sink back to the pinks, and if this happens they will more than likely remain there or file a BK.......
These r/s's allow forever more corruption. Even the BB's have to be really scrutinized, even when some of these seniors get to greedy, and fall out of favor the market will sometimes punish them.
One in the news of late was the Ceo earning more in 10 minutes than the average worker on the floor earns in a year, and the company was losing money and he was getting a bigger home. The market did respond somewhat, and should've acted accordingly but often they don't. No man is worth the pay packages we hear about. Degrasso, a man who was suppose to be a good steward, and to make sure things were operating in an appropriate manner on the exchange, did so by taking a severance package of over a 100 mil dollars........no man on the planet is worth this. He painted a picture that his greed was no different than that of Kozloski.........why not just ask for a billion?. I have wondered of late the real need for a market with all its corruption?. If these companies returned to the private sector these kind of salaries would never ever exist, and would fall more in line of normal ranges. Like Tide, his salary is total dependent on what retailers put in thru buying the stock. $1.25 mil is totally out of line............$75k for such a small company is generous and even here he should be selling his own personal stock, and filing a 144.
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