slogger, I agree with you on lack of details on the expenses...

slogger, I agree with you on lack of details on the expenses side. It would be good if there was a break down on the expenses which looks rather steep(?). However, post 31/12/2013, there is 7.88 million from the 3rd campaign that is to be included in the 2014 1st Qtr account. One thing that is of concern to me is that the big boys seems to be dipping into the kitty before the company is debt free. For example, HK120,000 (approx. A$20,000) PER MONTH pay rise for George Chan under his contract ("upon achieving Practical Completion") . Is this kind of reward usual, comments, anyone? I wonder how much he is paid per month before this pay rise.

Also, "The board has determined that Terry has been instrumental in achieving these milestones and has agreed that a performance bonus of $186,916 be paid. This amount has been accrued as at 31 December 2013......" I would have thought that achieving these milestones are his duties.

If the company is making good profits, these will not be my concern. These kind of actions tell me they are grabbing whatever profits first and the shareholders comes last??

However, I still hold as I believe this stock has potential although it is still in the risky category. Let's see how it will pan out till the end of the year. DYOR