The salaries don't seem as bad as some that I have seen, as long as revenues increase and those only have incremental increases in future years. WHA CEO pays himself $600k with a $700k earnings before cost, now that's over paid.
$1m total sales was stated, if you know business, $110k net is still over 10%, and while not fantastic, to be revenue positive at all within first few years of operation is actually quite an achievement, most companies aren't. I could name about 250-500 listed on asx that have massive market caps with a negative spreadsheet for 2-5+ years.
The true test will be the next 5 years and how the company develops and provides investors with a div %, if that doesn't happen an exit may be in order.
UUV Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held