Jun. 27 at 5:30 PM
$RBOT Just read the proxy statement. Hilarious. RBOT going under with liabilities exceeding assets. Debt of
$9M Assets of
$12M. The BOD and Officers will receive the entire
$3M in severance and bonuses. Nothing for shareholders and investors. Steve From, CEO, will get
$500K severance and one year of COBRA for insurance when he leaves. The others have similar benefits. Hard to believe that the people running the company into the ground get any money at all. What fools on the BOD gave such lucrative executive contracts if the company goes out of business. It's one thing to give the best people a good salary but quite another to give them severance for failing to keep the company afloat.