Post by
Malpeque2 on Aug 29, 2022 11:52am
Dr. Ken Cai has got to GO!!
He is the Chairman, CEO, and Director. Been here for a long long time. Since August 2004. Too Long.
I see that they have @ $135M paid in Capital from shareholders over the years. That has been whittled down to $44M Shareholder Equity remaining today.
Ken Cai has made about $500,000 the last few years EACH year counting salaries and benefits, which include his apartment in China. He owns about 560,000 shares, or $56 thousand dollars worth. The 3 other directors own NO shares.
All the incentives for Dr. Cai are to continue to pay himself the far too high salary and milk the remaining cash and value from the company. All while the other directors sit on ZERO shares and have ZERO incentives to stop the cash drain to Dr. Cai.