What is up with all these appointments??? No bashers, objective view please.
My thoughts on all these appointments:
1) If you have credentials (MD/PhD/DPM) why not put your name on the board if asked?--You get a "free shot" at the possibility of a "big hit"---like winning the lottery---costs you nothing to lend your name plus you get a "director's fee" for board meetings. Why not?
2) For the NYC business guys who actually run the company and pull any cash that is available out of it for their own use...why not get these people with credentials?---you pay them with "printed up stock certificates" and you get them to lend their credendials to the firm.
3) SO-what is the downside for either party?
You might be able to fool the outside investor to pump up the stock? Maybe this will be a winning lottery ticket?
But just realize that buying shares of this stock is like buying a lottery ticket IMHO.
You had better buy 2 tickets. They keep splitting shares like they could careless about current
holders. What happened to the keys reducing/stopping their income to cut cost? That was stated, falsely stated.