Every company , every year boards ask for more money, pay rises etc.
Usually always they get what they want.
Now I’m not saying the board were paid excessively but they had a job to do.
They failed the company and the shareholders.
They had to manage a 60 million dollar company and its finances. They turned it to zero.
Where was their risk management strategy???
Did they even consider a failure??
They essentially placed a $60million dollar bet on a losing hand!! They were not paid to do this. They were paid to manage our company and it’s finances and they didn’t do it. They were careless and reckless in my opinion.
Sure I wouldn’t be saying this if it did pay off , but it didn’t. I can wear my losses and that was my risk. I hope everyone else can also and keep up your spirits.
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