Bad take. Incurring costs is normal. But they’re incurring a disproportionately large amount of costs under 1) staff and 2) admin/corp. Fortunately for them they have shareholders who don’t know any better and trot out “gOtTa sPeNd MoNeY tO mAke mOnEy!” and so their easy street gig goes on.
Just crazy wealth transfer from shareholders to management. Despite what the ‘paid downramper’ baggies say I have no position long/short, don’t care what happens here, just amazed/impressed they are so brazen about it. NVX key management personnel paid themselves US$5.8M in the prior six months, lol!
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