The $500k hit for Oguz' redundancy pay is ugly. Given he only had a year to go, that seems like further evidence of a falling out with the new board/chairman.
Konekt may save a bit if Carr can find a cheaper CEO, but the big question is whether he can find a better one. Perhaps more important still is achieving management stability, though I suspect that may not happen until the original Spry/Woodbridge team have unloaded their share holdings.
My other concern is whether management takes advantage of the low share price to load themselves up with options, performance rights, etc. So far so good on that front. (Carr has options over 7 million shares at 15c, so he has to be aiming for something better than a takeover at that price.)
KKT Price at posting:
6.0¢ Sentiment: LT Buy Disclosure: Held
