6.7c Last Price and Going Lower No Doubt
I am reading how so many directors are taking pay cuts or no pay at all.
Why arent our greedy good for nothing directors doing the same thing especially as the market cap has halved in the last week to just $50M...
Of course we all know why!
They are only in it to win it and with no consideration to shareholders like they don’t exist except at AGM time when they try to act like the shareholders matter....
anyhow...it’s all too late for the shareholders and those that voted for the scum got what they deserved
""#I am reading how so many directors are taking pay cuts or no pay at all.
Why arent our greedy good for nothing directors doing the same thing especially as the market cap has halved in the last week to just $50M...#""
Are you on some of that funny grass for you to say that.??
Our BOD's and Management and CEO taking a pay cut.??
We are talking about CTP here mate.
Would not surprise me if they got a pay rise from Mac.
Would like to know just what kind of Toyotas they bought in A Springs, and who got them.
Interesting comments New Pilot. Yep interesting indeed.
Here is another company which are thinking of their shareholders, they are thinking about their company and it's survival.
Your board and management team have substantial experience operating businesses within this sector
and others during periods of economic dislocation and commodity price pressure. Sensible, cost
focussed management is required while diligently advancing key projects with our valued joint venture
partners. Prior to this health event becoming apparant, the company had moved operations from
Sydney to Perth, reducing staff and contractor costs substantially.
In recognition of the present extraordinary circumstances the board of directors and CEO have resolved
to reduce their compensation by 50% through to at least June 30 of this year, and the company’s
CFO/Company Secretary has volunteered to reduce his compensation by 30% for the same period.
This will substantially reduce the company’s cash outgoings and demonstrates the alignment of
Metgasco’s board and staff with the interests of shareholders. The directors are grateful to their
executive colleagues for their commitment to the company. Further cost savings may be effected
should circumstances warrant it.
The board appreciates your continued support and we remain confident of delivering on our key
business priorities over the coming months, and to creating substantial value for Metgasco
shareholders in the years ahead.
Mr. Philip Amery (Chair)
Mr. Ken Aitken (CEO)
Dr. Robbert Willink (Director)
Mr. John Patton (Director)
Mr. Paul Bird (CFO and Company Secretary)##""
Now where is our BOD's and Executives in this regard.??
How about it you lots. Where are you hiding.??
CTP and it's BOD's and Management are very silent on this......Are they not.??
I WONDER WHY...!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I know that people in high places in CTP are following these here threads and HC, the CS #2 in particular.
Yet, they won't say anything about what we are saying here about them taking a pay cut like many other companies are doing out there under these hard times.