ROG 0.00% 0.8¢ red sky energy limited.

Sorry jrvossie, we are bad at keeping the glimmer of hope...

  1. 759 Posts.
    Sorry jrvossie, we are bad at keeping the glimmer of hope alight, looks like you've taken on that job.

    As you have taken on this responsibility could you please explain this disclosure from the quarterly as I don't have a business degree and it is clearly in a language designed to confuse the layman:

    "A director holds a position in another entity that results in them having control or significant influence over the financial or operating policies of that entity".

    And that this entity, Energy Infrastructure and Resources Ltd,

    "is a consulting company which invoices the Company for directors’ fees and other reimbursement charges for Mr Rohan Gillespie. During the half year Energy Infrastructure and Resources Ltd has also invoiced consulting charges for other personnel. Mr Rohan Gillespie is a director of Energy Infrastructure and Resources Ltd and he is Managing Director of Red Sky Energy Ltd"

    All this after Red Sky buys Soleir from Rohan Gillespie for $750,000.

    How much more can they possibly suck from this company without bankrupting it?

 
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