RE:Someone is playing games.I was so Sick after reading the compensation section of financials. Can anyone belive halim was awarded bonuses in 2021? paid $3,180,652 total compensation in 2021. I have to go throw up again.
CFO received $1,128,480 total 2021 compensation.
They missed all sales revenue targets and predictions, still not profitable, had to RAISE $millions to stay alive and WILL AGAIN NEED TO RAISE MORE FUNDS SOON.
Over $9mil expenses on $5mil sales in 2021. Break even is going to be a long way off even with $20mil in sales. wish they had a good cfo
Mis Management is an understatement, yet the Board allows this. I think halim got everyone drunk on his yacht and took pictures to blackmail them into keeping him and paying him while diluting shareholders.
My belief is they are letting this go down to take it private just before they start shipping product as they are suppose to. Only reason why I can think of when a supposely smart $1million dollars cfo cannot figure out how to finance purchase orders and instead sell shares to them selves at dirt cheap prices.
maybe I should give credit for halim for his scam, figuring out a way to suck everything out of a company & shareholders while working 10 hrs a week from home
Is there another reason for the excessive compensation?
Is there another reason why they dont use debt financing on ALL WONDERFUL PURCHASE ORDERS they have?
Are they still paying the PR firm?