Pounce Technologies Inc. V.POI.H

RE:RE:High salaries?

[Leafs4Life]

Spending is out of control at Slyce.  450k for the CEO is too much for a company at this stage. To put it in perspective, the last time they reported earnings, Slyce had generated $1,030,834 in total revenue in the life of the company... to put it hyperbolically, half of all revenue up to that point went to paying the CEO.  

In that same earnings report, in the three months leading to July 31 their spend on general and administrative was $2,238,536.  Slyce has a choice, they can increase their revenue by 4X or reduce this number. I think I know which option will be easier to accomplish. 

I know it is costly to catalogue all the items for the companies they sign up, but this is looking like a classic case of a startup that doesn't stay lean.

I'm interested to read the year end report which should appear this month.