Stephen Bizzell is engaged as Executive Chairman. His agreement is a consultancy style agreement for the provision of services. Services are invoiced at a weekly rate of $2,320.
Paul Marshall is engaged as Company Secretary and CFO. His agreement is a consultancy style agreement for the provision of services. Services are invoiced at a weekly rate of $2,500.”
Steve Bizzell
$120,640 @ $2,320/week = 52 weeks
Paul Marshall
$130,000 @ $2,500/week = 52 weeks
So, come rain, hail or shine....wet season, public holidays, Xmas, Easter or otherwise.....these fellas are paid to take their time, accumulate stock and average down the buy-in price (mistake) made in 2013.....
And as it appears, regardless of any ASIC intervention....all stay on the gravy train with impunity....not likely!
LNY Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held