Replies to post #8192 on Value Microcaps Motherboard

[blue_in_MI]

APES - agree re: one greedy CEO. APES would have been a good buy at .51 yesterday i suppose, bounced, but - now i am finally having a chance to read their 10K:


http://www.sec.gov/Archives/edgar/data/1085545/000090901205000301/t301734.txt


quite the greedy little guy, this Philip Luizzo. directly from the filing above, he got paid $300K base, $125K bonus, plus $928 a month for a car! $928 a month, that is not too shabby, i bet you could lease a mighty nice car for that.


well guess what, Philip, Mr. $928 a month car allowance bigshot: I no longer want to buy stock in your little company, mainly due to the fact that you are one greedy man. you took nearly exactly half of the profits (both the company, and Luizzo, made right around $328K for the year). your greed makes me wonder if you care more about yourself, or the company. ironically, if you would have not been so greedy, and allowed the company to show perhaps a $100K profit increase over last year, your stock wouldn't have tanked so badly yesterday. I see you own about 2M shares of stock, so - yesterday's tank-job probably cost you more in your stock value, than you gouged out of the company by your ridiculous bonus. perhaps you can contemplate on that as you drive around in your $928 a month car, courtesy of the company's stockholders. If you're an executive for say GE, a $125K bonus is one thing. but for a teeny OTC company? pfft. I no longer want to be a stockholder in your company. pay for your own car, buddy!

[deathtotaxes]

APES - Don't fully agree with your assessment of APES CEO. You can't judge compensation solely on the basis of gross revenues of a company. CEO could and most likely wearing several hats in the company. He may be running the Public side of the company as well as soliciting new biz and servicing accounts. I don't blame him a bit for taking as much as shareholders will let him take.

You should have held onto a few shares and started a class action lawsuit against the company. Scare him into lowering compensation if that is what you think. But you are correct in thinking that it will keep people from buying the stock, which is most likely not a concern of CEO at this point. He has a fat cash cow.... milking it for all he can.

I respectfully admire his strategy!