I am not sure that the management could have done a lot more to tell you the truth. They had to deal with the vendor and the performance share mob, trust me I have been there since the pato fund raising and it aint fun to wait and wait and see the value come down. However, if you check the salaries of the management, they arent taking 360k per year at all. Its not the time to just raise money at the moment because I work in west perth where juniors use to be the kings but now its dead. Paul is only taking around 130-150k per annual report if i am not wrong.
Yesterday's blue sky ann had Tommy cheng becoming the chairman and restructure of the board and management should hopefully be better for us for them to move on.
Paul has those 15m shares via loan, it would have to be over 2cents or else he wont make any money. Plus the options he has needs shares to be over 5cents for 10 consecutive days. Since we have waited for so long, may as well give it a bit more.
TNP Price at posting:
0.5¢ Sentiment: None Disclosure: Held
