Let me get this straight - 1.) Company hires some consultant and pays him $30K/month and given him 160K stock options. A very obscene package for a company this size. 2.) 5 months later, this consultant is an executive on the board. The same day, 3 long time member resign. 3.) The CEO, Brett Johnson, is not even on the board. 4.) I look up this consultant and it appears he has no experience running a company in this industry; in fact, the last company he ran closed up shop - Arcadia Aviation. 5.) The Company lost $2M last quarter. Unless this consultant knows people on the Board, I don't see how or why this consultant is even in position to be a Board member. Perhaps, the consultant has made significant strides getting these newly announced agreements.
Still, this all doesn't make sense. I have been trading this stock for the past month, but I am still confused.