Easy to blow $50 grand when it isn't your moneyInsiders line their pockets with millions of stock options while outside investors risked millions in real cash. Peeing away 50 grand on a land deposit means nothing to them. The same way they happily blew almost a million dollars on promotion to accomplish nothing. Well other than raising the $10 million. Which we would all be screwed if THAT didn't happen. But I have heard Eckenweiller thinks nothing of buying bottles of wine worth hundreds of dollars each and very expensive dinners to entertain everyone that he thinks he can take advantage of (use). All going onto company expense accounts.
He is the master at blowing money and it is also part of the reason he feels threatened that a "real" board will be put in place and make him and Pakulis accountable to those who risked millions to get them operational. That recent news proves how threatened they feel and it is validating the rumours he is likely hearing about serious changes wanted at the board level. And how those changes could see a CEO, President and IR guy replaced.