Doug, its good to see SSN hanging in there, but you make a very good point. Perhaps since SSN's SP has followed a similar trajectory to PDN's, management could follow the lead set by PDN's management, and I'm quoting a post from Jackpot who posted this about PDN in response to their cost-cutting announcement today:
"Reduction in Payments to Management, Directors and Staff As part of the 35% reduction in corporate costs, Paladin’s management and staff will take a 10% salary cut (in addition to the previous 10% salary cut affecting senior management) and the Board will further reduce fees payable to the Non-Executive Chairman and Non-Executive Directors by 20%. In addition, the Managing Director has offered, and the Board has accepted, a further 20% salary reduction. Previously to this, the salary of the Managing Director had been reduced by 35% and Board fees reduced by 10%".
Cheers, Sharks.
SSN Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
