RE financials...NGC is basically insolvent. Like any of us defaulting on their mortgage and hoping and praying that the bank will work with you. That is basically NGC no thanx to our incompetent leadership group.
What is DISGUSTING, is that this group of insiders cant seem to pry themselves away at the trough of issuing themselves 1.7 million options for 5yrs at .20 cents in payment for all their failed efforts to date....the company does worse, much much worse, is basically not able to pay its mortgage, yet these guys get compensated more and more, for doing worse and worse???
Cam Birge, head of the pay committee, and the one responsible for hiring Huges, our failure of a CEO, how exactly are you able to look at yourself in the mirror each night knowing how badly you have destroyed this company through the hiring and enabling of this failed CEO and others?
Our ship is sinking. We have no money. We have breached our most important covenants. We have no partners. We have no funding. We have nothing but distressed and unfunded assets.
What we do have is a highly paid and well fed group of insiders who seem to produce and deliver nothing to shareholders, but take everything dollar wise they feel so entitled to.
What an utter failure.
I cannot believe this is even legal the way these guys are allowed to take everything from this company and given nothing in return re performance. How does one get paid that kind of money and receive such ridiculous compensation for failing at their jobs miserably.
...and Cam Birge, head of the pay committee, signs off on everything!
Well done Mr Birge for looking out for your corporate friends and sticking it to all your friends and family fellow shareholders. You are a something else.