Water, Max's compensation
To answer your question from memory. Base salary is around $375,000, two semi-annual bonuses of $100,000 half in cash/half in shares if I remember. And an annual bonus of another $100,000. Total comp is around $675,000. Some fart. It is in the latest quarterly on sedar.
Not sure of the warrant exercise theory. They have held this long. But it was a liquidity event which did allowed mass selling. I still believe some selling was the "smart" money which entered Oct 3rd to the 11th.