He already failed the terms of the first contract but instead of the performance rights lapsing due to non-performance they simply rewrite them and make the terms easier to meet with an extended timeline. This is a lifestyle management team if ever I have seen one. He is getting paid way too much to fail and fail again. Clearly anyone being approached by him for funding would do a little research and figure out he is incapable and hence, we get no funding, yet he gets paid and any performance incentives don't lapse but get extended and reduced to try and get him over the line instead of booting him out for not doing the job he said he could do. It is an absolutely disgusting way to operate and because it is so transparent, they get the treatment of your typical lifestyle company when they put their hand out for funding. It is a travesty that this resource is in their hands and the second strike can't come soon enough.
LIN Price at posting:
9.1¢ Sentiment: None Disclosure: Held
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