Wayne Rich - Prospect Global SVP

SVP

Mr. Wayne Rich is Senior Vice President Accounting and Treasury, Treasurer of Prospect Global Resources Inc., effective December 13, 2012. He served as Chief Financial Officer, Vice President Finance of the Company since September 6, 2011. Mr. Rich served as treasurer and director of corporate finance at Thompson Creek Metals Inc., a publicly traded metals and mining company, from October 2008 until September 2011. Prior to that he served in several capacities at The Doe Run Resources Corporationrationration, an integrated mining and metals manufacturing company, from August 1998 to October 2008, including as treasurer from April 2007 to October 2008 and assistant treasurer from July 2004 to April 2007 since 2012.
Age 46
Tenure 12 years
Phone303-990-8444
Webhttp://www.prospectgri.com
Rich holds a masters in business administration from Illinois State University and a bachelors of science in accountancy from Eastern Illinois University.

Prospect Global Management Efficiency

The company has return on total asset (ROA) of (26.37) % which means that it has lost $26.37 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (6434.8) %, meaning that it created substantial loss on money invested by shareholders. Prospect Global's management efficiency ratios could be used to measure how well Prospect Global manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 135.69 M in liabilities. Debt can assist Prospect Global until it has trouble settling it off, either with new capital or with free cash flow. So, Prospect Global's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Prospect Global Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Prospect to invest in growth at high rates of return. When we think about Prospect Global's use of debt, we should always consider it together with cash and equity.

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Prospect Global Resources, Inc., a development stage company, engages in the exploration, development, and mining of natural resources and related fertilizer materials and products in the United States. The company was incorporated in 2008 and is based in Denver, Colorado. Prospect Global operates under Industrial Metals Minerals classification in USA and is traded on OTC Market. It employs 12 people. Prospect Global Resources [PGRX] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Prospect Global Resources Leadership Team

Elected by the shareholders, the Prospect Global's board of directors comprises two types of representatives: Prospect Global inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Prospect. The board's role is to monitor Prospect Global's management team and ensure that shareholders' interests are well served. Prospect Global's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Prospect Global's outside directors are responsible for providing unbiased perspectives on the board's policies.
Wayne Rich, Principal Accounting Officer, Sr. VP of Treasury and Accounting and Treasurer
Chad Brownstein, Co-Founder and Executive Vice Chairman
Gregory Dangler, CEO and President and CFO
Barry Munitz, Independent Chairman of the Board

Prospect Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Prospect Global a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Prospect Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Prospect Global's short interest history, or implied volatility extrapolated from Prospect Global options trading.

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Other Consideration for investing in Prospect Pink Sheet

If you are still planning to invest in Prospect Global Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Prospect Global's history and understand the potential risks before investing.
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