XLS stock used as non-cash incentive plan for insiders-public shareholders hold the bag. BOD lackeys and incompetent in this industy
The stock of XLS is a defacto non-cash bonus train for insiders. They incent the insiders so heavily with stock at -$0- cost outside shareholders support the non-cash bonus. It's a real shame that the Board of Directors is so stupid and overpaid to correct the situation but Melcher pays them so much they don't want the gravy train to end. Look at board compensation in the proxy. They are paid way too much as is Melcher.