|
Haven't read it, but they recently took on 1 million in debt with the REG S. Dr. Hirschman is paying himself a kings ransom in salary and benefits. They are maintaining 3 facilities, which is ridiculous for a company with no business. The latest lease is for $84,000 a year, the FL lease is $14,000. That's $100,000 in leases, approx $400,000 a year for Hirschman per year, $70,000 to Friedland and Bregman per year. More salaries to come when Hirschman hires his friends. Payments for the Barbados studies, the NIH study, maintenance and taxes for the Cayman property, payments for a PR firm and no revenues. You tell me, how does that look to you? |
