Apr. 7 at 9:50 PM
$BTMD anyone take a look at the proxy? Total comp last year for the CEO was
$5M. granted, most of that is 1.5m shares in options that are deeply underwater. Seems steep for a company with a 50 million dollar market cap.
On top of that, the latest form 4 shows the CEO was just granted 400,000 shares with an exercise price of
$1.43...pretty near to the 52 week low. I guess it makes sense why these insiders aren't buying shares when they can get tons of exposure to the upside through options for free.
The spac sponsor marc beer, who is the now functioning as non executive chairman, seems to be compensated pretty lavishly also.
$150K plus
$1M in underwater options.
