These numbers are appalling
2017 2016
Directors fees (1,421,077) (107,000)
Consulting and advisory fees (2,078,929) (522,765)
Professional and Legal fees (965,269) (359,576)
Loss before income tax (10,865,924) (3,086,822)
In 2017 over $4 million just on directors, consultants and lawyers. A fiasco.
Directors fees sharply up and for what? A tripling of the loss. And not a skerrick of sympathy for SH.
What value did SH get for the $2 million consulting and advisory fees? (Apart from a Rewarding SPP which has seen SP drop 80%.)
Legal fees up 150% or more, probably due to seeking to quell and punish critical SH and monitor questions at the EGM, what other legal needs were there to justify the expense of almost $1 million?
Loss more than tripled to $10 million.
Net tangible asset (liability) backing per ordinary share 0.43 cents. Not a good look.
It really is time to drop Athan as chair and CEO. Anyone agree?
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