You are forgetting about the SG&A.
"Pipe Investors -> company coffers -> Props and Mr. Bordynuik's pockets to the tune of $60M
Read More: http://investorshangout.com/post/view?id=1669...z37hUAGc8f
"
The props (the processors) are recorded at 8 Million on the books. Bordynuik's salary has been 1.5 Million.
The rest is SG&A. 2.5 Million/ quarter for 5 years... = 50 Million blown. I can't believe that shareholders are not up in arms about this. It is their money. There is precious little documentation about where it has gone. I think much to CONsultants... the 14 "friends"? Shareholders should be pissed.
"Pipe Investors -> company coffers -> Props and Mr. Bordynuik's pockets to the tune of $60M
Read More: http://investorshangout.com/post/view?id=1669...z37hUAGc8f
"
The props (the processors) are recorded at 8 Million on the books. Bordynuik's salary has been 1.5 Million.
The rest is SG&A. 2.5 Million/ quarter for 5 years... = 50 Million blown. I can't believe that shareholders are not up in arms about this. It is their money. There is precious little documentation about where it has gone. I think much to CONsultants... the 14 "friends"? Shareholders should be pissed.