Ann: Key Organisational Changes showcasing Alexium's Growth., page-47

I picked up on a simple statement in the announcement that seems to have been overlooked in all the excitement about the important remuneration savings.

One sentence in Nick Clark’s comments reads:

“We have already begun to benefit from this global expansion, with quarterly revenues increasing 92 percent quarter on quarter in the third quarter of financial year 2017, with higher gross margins each quarter.”

Revenue reported for the second quarter of financial year 2017 (to December 2016) was A$7.4M.

So I can only conclude from this that revenue for the March quarter therefore was 92% higher at A$14.2M, much of which would have carried across from CY2016 sales order books.

In such case remuneration savings would be relatively minor in comparison with the Company’s financial performance. Dare I risk suggesting that performance based remuneration packages could have been justified?

Just stirring.