AMX 5.26% 30.0¢ aerometrex limited

would really like to see a bounce for amx, page-8

  1. 1,890 Posts.
    I see that PRU management have announced in their quarterly that directors are taking a pay cut.

    "Cost reduction programme implemented at corporate head office targeting a 16% reduction in overheads to $10M in FY2014 including a 15% reduction in salaries paid to all executive and non-executive directors "

    If pay cuts are good enough for a company that actually has an income , its a no-brainer for a non-income explorer like AMX.

    Not sure why mgmt are sitting on their hands in this respect. With less than $20mill in the bank , AMX should be ahead of the cost cutting curve , not behind it. Poor form.

 
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Mkt cap ! $28.97M
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