May. 19 at 4:50 PM
$ONL On the May 8 conference call Paul McDowell said: "From a G&A perspective, we are highly cognizant that as a smaller company evolving our strategy and shrinking the size of the portfolio before growing, we must control this line item.
To that point, as mentioned last quarter, our Chief Investment Officer, Gary Landriau, will retire on June 30, and we will reallocate his responsibilities internally. Gavin and I have foregone any salary increase for this year." Exactly one week later, however, McDowell is given 274,678 shares for free (nearly
$600,000). So McDowell tells investors they are cutting costs and he is foregoing a salary increase but then gives himself a fat stock bonus a week later. These guys deliberately mislead investors over and over again!
