Post by
cbew on May 16, 2023 3:13pm
Running out of Funds and More Dilution Ahead for CUU
Yeap that's the talk over on the other board now! LOL According to Jimmy the company may have less than $800K left in the kitty! Now what can you do with that? Not a whole lot imho! But they are still paying ES his fat salary LOL. In fact ES gets about 25% of the company's entire budget this year for his paycheck!!!! What junior CEO, or for that matter any CEO, gets 25% of an entire company's expenses as salary? I can't think of any company that has this kind of compensation package for a CEO let alone for a CEO that has done little to increase shareholder value in the last 10 years!
The looming question on all the bagholders minds is how are they going to raise more funds to run this (poorly) run company? Since ES and crew haven't sold anything in the past 12 years, and looks like they won't be anytime soon as you know they have more work to do to " enhance" the saleability of their projects, it looks like doing more PPs are the only options left. That spells more dilution ahead. Oh well par for the course. That's the only thing you can count on for this company and management to deliver! LMAO
Comment by
MoneyK on May 16, 2023 10:03pm
Funny words from somebody who just got massively diluted. MoneyK