aren't they lucky to still have a job considering they started at a share price of 20c and have lost 97% of value so far? at this point it's just too expensive to switch them (a company with something left to lose would have pushed them out). they took a good tech company producing patents and now it is a middleman vendor with 1 engineer.
I think they are still taking their full fees - $129k for the chairman alone. which means massive dilution for the shareholders. isn't it strange that the board and CEO are taking around three quarters of a million dollars a year in total comp (shares and cash and benefits) to manage one engineer?
UUV must be at 550m shares already. this will probably be a billion shares before/if this company is ever back in decent shape. at least on paper it will look as laughable as that first penny stock that Leo sold on Wolf of Wall Street.
don't get me wrong. not bankrupting a cashless company is a good thing. but this is far from God's work.
UUV Price at posting:
0.5¢ Sentiment: Sell Disclosure: Not Held
