if Q3 is badupper management should be fired almost on the spot. They get paid a sh*t load, don't own a whole lot of stock, and basically flat out lied to shareholders about earnings that would come while not coming.
One of my other holdings, Intouch Insight, management get paid about half, and they actually used their salary to buy loads of stock. And they deliver growth. If I take 2018 as a baseline, and cut salaries of president advertising and CEO in half, earnings would be $400k higher, or net ~$800k. Shares would be on the cheap side in that case, trading <10x earnings with no debt.
If they can deliver significant growth, I would say that salaries are still too high. Earnings would have to be several million at least, and even then the top two managers taking home 20-30% of that is on the high side. At the very least compensation should be tied to a higher stock price, with a larger % in stock options vs cash.
I hope larger shareholders step in in that case. I don't really understand what they are currently doing, paying management this much, with this compensation structure.