FAS fairstar resources limited

pump and dump, page-35

  1. P87
    5,035 Posts.
    Firstly,

    I wouldn't have entered into some of the loan agreements FAS entered into, I mean, it's schoolboy financing, some of those finances terms are extraordinary.

    Probably limit executive remuneration levels.

    Last year the company bled a million dollars in salary, fees and wages.

    I would challenge you to find another market tiddler with fees of this scale paid, given the complete lack of wealth creation.

    Just a couple off the top of my head, why not incentivise management via an option scheme, or milestone achievement?

    Right now it's close to a flat 450k a year for MR K Robertson. From 2011 to 2012 he was given a nice 6% pay rise, for what?

    Oh and a cool 370k for MR Markopoulus, as a non executive director. "Yes please captain, where do I sign?" Just for shits and giggles, how about 36k annually for a car allowance.

    But I'm sure these blokes have a grip on the situation, and your loyalty is being rewarded with Investor presentations with thumbs up emoticons.

    No, these experts are across it, just a humble bloke, what would I know.

 
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