Bruce took a salary cut because the company's finances are in crapper, they'd go out of business in a short time on the previous cash burn rate. He had no choice, and nor did the rest of the BOD. And who is responsible for the woeful state of the company's finances ? Certainly not the shareholders who have pumped cash into this money pit over many years. This is central to the problem here. Cinnebon and his supporters think that he has a right to be paid and to do as he pleases, especially with the finances, and to fob off closer scrutiny. The diverted german "investment" is an obvious example. But its the owners of the company, the shareholders, that pay his wages. Its time for him to go, without question. Shareholders have had enough of his antics.
All IMHO, DYOR
VRX Price at posting:
3.0¢ Sentiment: Sell Disclosure: Not Held
