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tsilsgiarc007

12/16/10 1:07 PM

#27523 RE: jjj373 #27496

Per the released 10K's he's foregoing any salary as reported salary since 2008. But reading also says some of the stock issued is being sold or bartered as debt service and for officers compensation.

My point was that he's working sans salary of $150K per year each of the last two years. Now he has stock and stock options but the value of said stock and options is lower and lower with the drop in price. Case in point the last 10K said proceeds from stock sales were $125,334 which is lower than just his annual salary from 2008, 2007 etc. Haven't seen any insider trading bulletins with his name so the potential upside is now upside down. Specifically my point was how many years do you work with no salary on stock and options which are worth less today than six months ago let alone two years ago when the choice was first made and try and stick it out. In July his shares were worth about $238K + or -. Today they're worth about $219K.