Jun. 16 at 9:39 PM
$MLSS Ok I have read through the entire document, not that I understand the entire document..I totally understand PRSUs(Performance based RSUs.. it’s a way of compensating directors and key personnel with stock instead of cash. And I totally understand that if Hines and Papes are still on the payroll for
$75,000 a year although I think that may have increased, the fact remains that they both are entitled to a much higher compensation. So the company either pays them cash which takes from the bottom line or in stock which dilutes shareholder value. Clearly, those guys are entitled to be well compensated .. however the bar has been set very low in order for them to achieve The milestones required to be paid in PRSUs and the amounts of compensation are fairly sizable. The table is also a bit unclear regarding hitting the milestone of
$11 million in revenue and then
$13 million in revenue and then
$15 million in revenue. I’m not clear if that is cumulative or yearly.Need a bit more info
