Im only following this stock due to recent additions to the board so perhaps someone here can tell me how many people actually work in the office. My research shows up what appear to be astonishing expenses. Office running costs of nearly half a million in 2011 and $330000 last year (only eclipsed by its wages and consultancy fees paid). This figure excludes the office rental of $175000 in 2011 and $114000 in 2012. Are they using gold plated staples in this joint? I run a business employing a number of people and my office expenses would battle to be a tenth of these numbers. For a company on its knees it sure knew how to spend money!
PAX Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
