Snap, Gary doesn't care that we've lost money, as he has a grand plan for himself. As the old saying goes; "Power corrupts, and absolute power corrupts absolutely." And Gary being the CEO & Chairman has absolute power at ACT, plus he has the BOD eating out his hand, a hand thats full of shares that he gives them, and all at the expense of the common shareholder.
Gary has over 11 m shares, so and "grand plan" surely involves getting the pps up. As for the board, I thnk it says a lot that they've agreed to take their compensation in stock, it means that they get the financial position the company is in. Likewise it gives the board motivation to see the pps increase, otherwise they've worked for free