This is what the status quo'ers defend.
PTSC's 3 executive positions, CEO, CFO & VP, and it's 5 director positions have collected $5.43M from PTSC's coffers over the last 3 fiscal years. Flowers collecting the largest windfall at nearly $1.2M, and showing Turley & Goerner having VERY lucrative, albeit brief careers as PTSC CEO's. Our magnificent BOD members collectively rewarded themselves with a hefty $1.34M for stewarding our company to this precarious position.
In that time, PTSC has gone from having assets of $34.4M at the end of fiscal year 2007, to $25.4M at the end of the last quarter. And from having a share price of 51 cents on May 31, 2007, to a current price of 9.3 cents.
That's a loss of $9M in assets, and decrease from a market cap of $198.4M on May 31, 2007, to a current market cap of $38.2M DESPITE having an additional 21M shares outstanding.
Collectively, the six of them that are still with the company own less than 2% of the company despite their gluttonous compensation relative to their performance.
Now they won't even meet face to face with people or respond to e-mails? Who really thinks these folks are working on our behalf?
CEO, CFO & VP -
- 3 positions
- $4,082,910 in total compensation
- $1.36M per position
Breakdown:
- Flowers - $1,185,452
- Goerner - $1,136,103
- Turley - $976,927
- Pohl - $110,561
- Sweeney - $117,688
- Bibeau - $556,179
Board of Directors-
- 5 positions
- $1,343,909 in total compensation
- $268K per position
Breakdown:
- Johnson- $408,600
- Felcyn - $328,00
- Falk - $108,000
- Treadenick - $140,763
- Schrock - $184,546
- Mistry - $102,000
- Pohl - $72,000
