I also 100% agree and would like to add he has failed at his job and the share price reflects this. I would also add Yes He has taken pay cuts but he has simply cut back an over drawn salary that he received to do a job that he didn’t complete in the first place. IMO he should turn around and say “I am so sorry, I promised you I would do a job and in return you paid me rediculous amounts of money, I did not hold my end of the deal and did not do the job I was paid to do, so here is the money back”. That’s what an honourable person would do. He must of known he was on the gravy train, truely to be paid that much money to do a cushy job he must of known shareholders can see this and that he couldn’t ride it out for ever!
The most annoying for me out of everything now is, they cut their pay and expect praises like they have made a sacrifice, yet we can all see that they have cut their pay as 1 there is no more money left and 2 as they have no way of justifying that pay with no progress being made in the company. Unfortunately yet again they didn’t do something out of good will and because they care, they did it as they had no choice! How rude is that, he runs the company into the ground, drains all the money, then has the nerve to say “but I reduced my salary” when the monies run out!!!!!!!
Another thing I would like investigates is these partly paid shares. Does anyone know what the status is with these??? Have they been paid for or is their money still outstanding?? We should suspend MT pay until he pays what he owes and and the price he locked it in too! What was it at the 3c mark?? I think he should carry the losses that all of us here carry too, some of the burden that he has put on us!
APG Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
