Frankly that pay is not much at all. $72k for a CEO position is on the low end. Plus another $30,000 of restricted common shares is really worth $0 at this point.
And the truth is not that they have no positive revenues. This YTD they have 1.3 million in revenues. Their GP is actually not bad either at about 40%. The G&A expenses are what sink the books. But I'm curious how much of those are real vs. on paper for the sake of the IRS.
The item on the 10-Q that is the most frightening is:
CASH AT END OF PERIOD $14,125
But that was at the end of September. Here in Mid-November we are still operating. This stock feels like the little engine that won't quit.
Still, if Tan has so much $ then I'd like to see him (as I've said before about others) do a Steve Jobs $1 salary and make his money in bonuses for performance and stock appreciation.
Did someone say China store? I thought that train was long gone and good riddance.
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