OMG, the total salary packages of the directors and key personnels are almost equal to the Total Sales Revenue for the whole year!!!
Both were about $1.5M.
Who is going to drive Revenue and who is going to control costs. This is their 2nd year, since IPO.
And despite a massive increase in marketing and selling costs of $2.5M, the company only saw a $600k increase in sales.
Somebody better take control of this company - they are bleeding serious money.
Hope they get the Chinese licence soon.
Good luck to holders.
For me, I am going to sit and watch on the sideline for now.
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