Indeed SEKRUB. Vaz collects $240k for working diligently on spinning off Pangea, and for considering the sale of Pangea. This statement is identical to 2009's annual report, so clearly huge progress has been made during te year. Under the heading Likely developments and expected results of operation they state "further information on likely development and the expected results of operation have not been included because the directors believe it would be likely to result in unreasonable prejudice to the group". Translation, if we tell you we are doing nothing, and that the future of the group is down the tube, then we might be held accountable for our lack of action or deliverables, and then sitting on our backsides would no longer be acceptable. And my gosh, my $240k would be compromised. What a disgrace!
BRO Price at posting:
0.3¢ Sentiment: Sell Disclosure: Held