Many times these 'start-ups' dont quite understand the majority overhead costs are salary. It irks me when directors take salary like they are a fully fledged profitable company. When I see this I proceed with caution.
Just because a company is listed doesn't mean you can empty the piggybank.
I haven't read the particulars in this case as of yet, but it's just a general comment and concuring with the previous post.
Many times these 'start-ups' dont quite understand the majority...
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