I'm not so sure. Add it up. it is $320,000 they now give in salary. There just isn't that much money in the bank. they still have all other overhead.rent, accountants, lawyers etch…..They didn't get that much from Korean dudes - and that 12 cent stock sale cost us over 20% DILUTION.. I woudl have preferred that all monies from Koreans went into a TRIAL…..because no one in any biotach really makes any money from salary…they get the golden ring from stock and stock options. every penny shoudl be going into what trial they chose to do next, and pray it works. If it does, they will make FAR more in the huge options they just gave themselves - and coudl give more instead of salary, versus what they get in salary.
Hate to be a doubting Thomas…but if they REALLy believed they could get a winning trial in TB 4..they would take stock and options for another year or so. Goldstein does not need the money really…Go for the brass ring. if they don't believe they can do a wining trial…then yes, suck out as much salary as you can…..which they seem to now do. And why do they need a CFO now??? there is no money to speak of….