Post by
tylerreddick on Jun 13, 2024 10:28pm
Hmmm........
GRB had a current account deficit of about $8.3 million, and no cash on hand, as of March 31st, so probably even worse now.
Can the company really afford to be paying their president and CEO to the tune of a half million per annum for their "services"?
Considering the company's cash position, maybe those payments could be pushed back until there is some cash to pay them?
JMO
Comment by
shneps on Jun 14, 2024 7:30am
The CEO has vehemently stated on numerous occasions that he does not receive a salary. And yet he says in the SEC filings he works a minimum of 40 hrs per week. Definitely sounds like an employee to me. Never has and never will. Lol.
Comment by
tylerreddick on Jun 14, 2024 7:53am
Not being paid a "salary" is a red herring. And by being paid for "services", the renumeration can be changed at will. Whatever it is called, taking money from a company that has no cash isn't helpful. And I have to wonder what Jeff could be doing for 40 hours/week when everything is pretty much at a standstill? JMO