Of course, Management and employees need salaries and options...

Of course,
Management and employees need salaries and options and bonuses and incentives.
They think shareholders are satisfied with the warm glow of knowing they have contributed to science.
I seen to remember the CEO saying that despite positive cash flow (at last) there was no plan to issue a dividend, but rather the money would be re-invested in the company i.e. salaries, options, bonuses, and incentives.

How carefree not to be a shareholder in Biota, merely a humble employee.