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For $250,000 + benefits I expect business acumen, vision and prudence
When the course was set for Q to get into sporting goods 2 years ago I would hope that JP planned out the changeover.
It is obvious that the company needs to be doing 20 to 30 million in sales to break even with its overheads.
Starting from zero, getting to 20 million in two years would be ambitious, 3 years would be more practical, and it may take as much as 4 years.
Back then in 1995, with the stock at $2.00, he could have sold 10 million shares and he would still have money in the bank now.
Instead he sold a few million shares, watched the stock drop, sold some more --- etc. etc.
Our management's outlook is very short term. It does not appear to be working for the long term - or it is over-optimistic about how long it takes to get there.
For that kind of salary I expect someone who is going to take the future of the company seriously.
This is my honest opinion deduced from the publicly available facts - it is not intended to harm or defame anyone or any entity. This opinion is intended to point out deficiencies in Quadrax's management so it can do better in the future.
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