Unfortunately management will not cut their salaries as their main objective is to make as much off their salary as they can which is what they’ve been doing for the last 2 decades. This is the exact thing that led the company coming to the end. They were never interested in completing the plant, just paying them self what ever money was received. Unfortunately I would not give a cent to the cap raise as it will only be used to pay salary and the plant will not progress not one bit, this is what has been happening over and over again, it’s no different this time. I think they need to realise that they are now paying them selfs the last salary they will receive as they have destroyed the companies reputation that bad that there is no more money coming in. They should all immediately resign and let shareholders take over, those that are willing to work for no salary, just until we can sort something out and salvage this while there’s still a chance. But I for one know that this greedy management team will suck it till it’s dead and will not think twice.
APG Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held