With high cost structure, the shae price of this company has been decimated to 1.6 cents now.
All our directors earn $100K per annum to attend meetings etc. Let them forgo this entitlement and issue them say 6 million shares each now. This will show real committment on their part and company will save precious capital.
For our MD, let him take half his pay in shares ie $225K. This will give him approx 14 to 15 million shares at current time.
This way, the directors are assured of real shares (and not options) and is a win win situation all round.
Lets see for once if directors are prepared to put their money like real sharesholders have done (at much much higher prices).
SSN Price at posting:
1.6¢ Sentiment: None Disclosure: Held
