LM77 understandable however The anncoument is not very clear, is it 1 or 2:
1. The board is taking a 20% pay reduction, and the remaining 80% of pay will be paid in shares instead of cash? (If this is correct then that is decent) OR
2. The board is taken 20% pay reduction and are still receiving the remaining 80% of their normal salary in cash? and the "reduced" 20% is replaced with shares?
( If this is the case then I think that is laughable ) however happy to be wrong, as its not very clear.
Which is it? 1 or 2.
Ann: Quarterly Activities and Cashflow Report, page-31
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