For so long now (years) the directors of this loss-making company and the consultants they employ (the same people?) have lived extremely well off shareholders funds steering a company that has an abismal track record when it comes to selling its products (that we've been told for ages the marketplace is desperate to buy) and generating sales revenue and profits. In the private-company world directors are a paid very little (if anything) until the company establishes a constant income stream and generates profits- for obvious reasons. That's far from the case here. Without constant injections of new shareholders funds this company would've gone belly-up long ago. You have to give credit to their (the directors) ability to attract new investors, just in time, every 3 months or so. Narrowly avoiding hitting the iceberg and the ship sinking. Surely, some time very soon, the blue sky has to morph into constant, substantial, sales revenue. Sufficient to pay the huge directors (and consultants) fees, and maybe dribble some dividends to shareholders. How about the directors coming clean and providing us shareholders with some facts on contracts signed and actual revenue streams. We watch with interest.
CRO Price at posting:
6.8¢ Sentiment: None Disclosure: Held
