As pointed out by many in this forum, the CEO of OPA is paid absurdly high for a company which makes such measly annual revenue.
i vaguely remember reading somewhere that the average revenue per client is around $78k per year (might be wrong here). If that is right, it is unreasonable to expect contracts of $250,000, at a time like this.
I think one of the steps the management can take is to do substantial pay-cuts for the top 3 in this company and be compensated with attractive employee stock options. If they resurrect this company and the share price rises, they substantially benefit. This requires them to do real hardwork and get their hands dirty- go out in the market and SELL !
A takeover in this situation would be BAD for investors who invested at higher levels.
Given the CEO's background, i expected better action plan! How i was wrong!
OPA Price at posting:
1.8¢ Sentiment: None Disclosure: Held
