How does the amount spent compare to the annual losses?
Because it's the LOSSES that concern investors, and which are compounded by optional $30,000 ice cream purchases.
There is no reasonable explanation for this - it is obvious self-dealing. How many utility bills could we pay with that $30,000? How many monthly consultant retainers could we have paid?
Besides, getting a discount (from yourself) on an already inflated $40.00 price tag for a simple ice cream cake isn't really a valid savings in the eyes of some.
The real problem is that Matt treated this transaction like it was something to hide. No mention in CBAI filings, and IR just ignored the many questions until it could no longer do so. Matt stupidly waited around for someone to discover it, and now apparently will respond to this fiasco the same way as always - ignore it and hope it goes away.
I've had it with his continuing public relations blunders, which generally result from him doing things that look to be selfish and not in the best interest of shareholders. Whether they are selfish in reality really doesn't matter, if the public perceives them that way.
But Matt never seems to realize, or care, that these types of actions cause distrust. That is not something he should toy with at this moment, considering the almost complete lack of trust felt by many already.
I'm convinced he just doesn't care about how investors view him, as long as the money train keeps rolling.
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