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Posted On: 04/18/2020 1:29:58 AM
Post# of 82676
Based on the 2018 10K if you read compensation the line item on the income statement, you will see that total compensation for the year was around $600 something thousand. Their salaries are not quite that high as $375,000 each for the top three. Or they weren’t in 2018 and that includes all employees. Unless I’m missing something here, I just don’t get where $375,000 is coming from.
This is far from being a situation where we are all out of luck with no hope for a turnaround. I believe there has been a lot of overreaction and understandably so given the surprise. I think the PPP loan will help and am hoping some news emerges to help. Additionally I am hoping one or more of the deals still comes through this year with some revenue.
I still have hope we can turn things around and expect the best and know it can be done. That being said I am thankful I have other things going on that are working that if this goes to the gutter I can walk away and say it was frustrating but it’s done. There are no guarantees. Time will tell.
This is far from being a situation where we are all out of luck with no hope for a turnaround. I believe there has been a lot of overreaction and understandably so given the surprise. I think the PPP loan will help and am hoping some news emerges to help. Additionally I am hoping one or more of the deals still comes through this year with some revenue.
I still have hope we can turn things around and expect the best and know it can be done. That being said I am thankful I have other things going on that are working that if this goes to the gutter I can walk away and say it was frustrating but it’s done. There are no guarantees. Time will tell.
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My comments are only my opinion and are not to be used for investment advice. Please conduct your own due diligence before choosing to buy or sell any investment.
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