Feb. 24 at 12:44 PM
$NRXP Red Flags: a. review of compensation is conducted every three years; b. within the past five (5) years, the frequency and rationale for changes in auditors; and c. utilization of a virtual office. The aforementioned factors, namely a., b., and c., are indicative of a pronounced lack of accountability. When considered in conjunction with the 1099 compensation structure, these elements collectively suggest a heightened risk of organizational instability and potential malfeasa…..you got it
Bottom line: 3yr pay - avoids annual performance scrutiny; Auditor swaps - leads to delays in filings / opinion shopping, amongst other things ( as experienced) ; Virtual - avoids physical, in-person interactions with shareholders.
Definition of atypical publicly traded company? No! This aligns with NDA , filing, pain data, tax free dividends and board member departures. Good luck.