Not sure the line of credit is a 'blank cheque'. Surely there must be conditions to the line of credit, as there usually are. That would make it difficult to draw on in the current circumstances don't you think?
I also think that 'paying back' a salary really wouldn't make much difference when the company is losing money hand over fist.
There seem to be a number of shareholders with the same sentiment. MG out.
Only then can we re-build and move forward.
Currently, there is no leadership, direction, incoming business or communication.
Why do you think a useless CEO should pay back his salary to the shareholders when a majority of them would just like to see him either walk ..... or walk? The salary payback is insignificant. Do you think that would really help us?
We need experience in the mobile tech sector. We need a leader who shoots from the hip with knowledge, expereince and the backing of the shareholders. We need a leader who understands how to generate business and execute sales. Without sales and industry knowledge, we are going absolutely nowhere. Like we have been for the past six odd months.
I've said it before and I'll say it again. MG out.
'Thumbs up' anyone???????
MOT Price at posting:
1.2¢ Sentiment: None Disclosure: Held