Well that theory doesnt stand just by looking at this document today, Staff costs are actually growing not shrinking with getting rid of phytotech.
Staff costs for last quarter : $234000
Estimated Staff costs for next quarter : $321000 (page 4)
The staff are Jason Conroy, Jim Hallam and office manager Debra Dymock. Im sure the salaries are actually listed somewhere , but just based on these last figures they are paying themselves $1 110 000 a year collectively, whilst also getting perofmance shares worth more. Hard pressed to find another ASX lised cannabis company with management that are paying themselves this much, even the bigger companies like AC8 dont pay the top management this much, they are on reasonable salaries and are actually involved in developing grow rooms, acquiring licenses, etc, not just stock picking with shareholder money. These are just facts here, I want MMJ to win, but seeing these kind of salaries whilst the shareholders of 2018 are losing doesnt leave a good taste in the mouth. Im all for getting paid what you are worth, but lets see some results first.
MMJ Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held