Bit Harsh Barney.............. The directors get $2000 pcm and the company pays $3000 pcm for an entire office facility and no salaried staff except for a part timer
The company has survived on the initial capital raised nearly 3 years ago and still has enough cash and liquid assets to meet all it's obligations going forward for at least 2 years, unless a suitable project is acquired and then capital would be raised to suit the proejct as per all of the declarations made to the market.
Would you prefer flash offices and a bunch of life style directors
It still trades at some 250 - 300% return to it's intital investors when it was relisted and has traded as high as 450% return and that does not include the Priority Opportunity given to all Cervantes shareholders in Baraka Petroleum which provided them another 400% on BKP's relisting and therefore paid for their entire investment in CVS even at near term prices.
Relax............ patience and timing always wins
Jigalo
CVS Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held