I have been having a read of the annual report today and I noticed the Kain brothers paid themselves a combined total of $465,000 last year. I am not sure if I am being over critical, and I understand they have taken a big risk and probabally work hard. But for a company of this size, who is borrowing money at a premium and burning cash, this seems like they are cashing in a bit. The total revenue for the year was only 600k. The company should concentrate on remaining solvent and generating a profitable model before they hit the large paychecks. I understand that you have to pay well to get tallent, but I fear they are milking the company dry before proving their worth.I really like the companies strategy and feel they have made genuine progress, I just don't want to see it driven into bankruptcy buy greedy directors. I understand if they took a pay-cut it could negatively effect sentiment, but I feel at this stage it would show prudent financial management.
I really want this company to succeed and I hope I am wrong, but I feel we need to be realistic. I am interested in others opinions here.
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