Ann: Letter to Shareholders , page-8

I like the possibilities of CVN but still take issue with

1, Major staff overhead cost, like I wonder why CVN employs Philip Hulzenga who I am sure is a good chap as Chief Operating Officer. I always thought a chief operating office would be incharge of running the companies operation. But the don't operate anything so why does he earn $791,954 last year

2, No buying by Directors for many moons

Basically the company has to slim down it over-head cost by 50%, award the remaining manager options (lots) with a 150% premium and get them moving in line with us shareholders.