Page 6 . wipe out network services as it no longer exists.
Sattelite communications 9M revenue 7M direct expenses 2M gross profit
less indirect, admin, other expenses (of which we know included one off's related to gesaf, consulting, 80 staff versus some 15?? now).
I would expect this to be closer to 1M moving forward as they note in line with reduced scale of activities.
Results and strategy turnaround are starting to show improvement HOWEVER
what is atrocious is the salary of Michael Capacohi!!! cash based of $594,013 including $180k of options. You have got to be kidding me!!!!!!!!! Double the previous year and nearly triple Ian May!!!!! Who does he think he is? - CEO of a large company THAT IS MAKING SUBSTANTIAL PROFITS or something.
WRR Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
