Posted On: 07/17/2014 8:52:59 AM
Post# of 43066
SG&A includes CEO salary but might also include other amounts Mr. Bordynuik paid himself. Just my guess, but I'm guessing that disclosed CEO salary is small in comparison to how much in total he paid himself out of SG&A.
I would also guess Mr. Bordynuik took pay in his other roles. He's the only one entwined with the 'development' of P2O and anything he would have paid himself in consulting fees for working on the processors would have been capitalized. Those numbers would show up in PP&E. My guess for the real cost of those processors would be maybe double the cost of three viable, off-the-shelf Donghe processors, maybe $500,000 out of the nearly $9M spent. My guess again is that Mr. Bordynuik pocketed a substantial portion of that for his services. Obviously there are no publicly available records showing how much in total Mr. Bordynuik paid himself out of invested funds so there's no way for the public to know.
I would also guess Mr. Bordynuik took pay in his other roles. He's the only one entwined with the 'development' of P2O and anything he would have paid himself in consulting fees for working on the processors would have been capitalized. Those numbers would show up in PP&E. My guess for the real cost of those processors would be maybe double the cost of three viable, off-the-shelf Donghe processors, maybe $500,000 out of the nearly $9M spent. My guess again is that Mr. Bordynuik pocketed a substantial portion of that for his services. Obviously there are no publicly available records showing how much in total Mr. Bordynuik paid himself out of invested funds so there's no way for the public to know.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
