Post by
onewkn on Apr 18, 2022 10:50am
Another grim financial report!
Now that financials are out (notice they did not send out the full report, only the summary). Sales are off by 33% from last year and a whopping 64% from 2020. Where is the impact of the truck products, the fuel management products?? Management is paying themselves well with fees up 12%, $163,000 paid to directors. What did the stockholders get? Falling share price, 15% share dilution, and another year of misguided spending on the suspension product. Have you noticed we have another long delay on that product? This has been going on since 2017 – 5 years - with no real end in sight. It has been delayed repeatedly and delayed again until maybe late this year. Don’t you think management is in over its head with this? Clearly, they work for themselves and have no regard for shareholders. Proxies are due out soon, send a message and vote them out!!