Getting people with experience in the product and marketing know how to go through fda licensing and to get more product avenues..
They are not splitting shares...no sec papers filed on share splits.
It is common place in small companies and start-ups to pay management in stock options. Instead of income, execs take stock options they can exercise on milestones.
I have worked for many small biotech and I got pay stock options, I retired on them too.
watch the news on these guys after jan10th, ducks in row.
Correct-the firm has not split shares...they merely print up more shares to compensate the key personnel, as you describe. But I still stand on the NYC guys taking any available CASH out of the company. BUT, as far as I am aware, they do not have any product that has gone through studies to get "fda licensing". They have not done any original work on any product that I am aware of....they have "old" products that they sell as far as I can tell. As far as news after jan10th that you mention in your post....do you have INSIDE INFORMATION? (clearly not an appropriate comment if you are trading or inducing others to trade).
PS-If they did not have an enormous entry for Goodwill on the balance sheet as an asset....this company would be as transparently a "zero" as it seems to be.
Buy a lottery ticket....same as these shares IMHO.
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.