John is only collecting token amounts.
I don't consider $72000 per year to be a token amount and $212,000 for the chairman and $325000 for the overpaid company secretary to be representative of their value to the company.
Nor do I consider an aggregate of $800,000 approved as Non Executive director remuneration to be realistic .
rusted -on apologist kojak you have now graduated to troy spokesman [[ are you an employee?] .
let's not forget the shameful episode in November 2016 to December 2016 when the TRY price slid from 33 to 14 cents. What prompted it?. ' an increase in unstable ground conditions ..within the Smarts pit " aid the company on 15 December . But that was after John Jones had sold 2million TRY at average 30.76 cents in the week commencing 17 November . But oh ' the late lodgment of the requisite Appendix 3Y report was due to a misunderstanding ' admitted the company after the ASX query .
kojak...please confirm again ...you're a John Jones supporter.
here are some initiatives which TRY shareholders will soon enough be asked to approve :
the removal of John Jones as a director
the removal of Peter Stern as a director
the 90% reduction in total non executive director remuneration to $80000
With a freshened board I will be advocating a halving of the company secretary remuneration to $162,500 and a change of the registered office to Sydney.
TRY Price at posting:
10.5¢ Sentiment: None Disclosure: Held
