pathretic directors re take up rts issue, page-25

AU$3,138,281 in Director salaries for a company that has revenue of AU$6,717,104 but the cost of sales is AU$7,590,570, leading to a LOSS on sales before any other costs are added, of AU$873,466. Add their huge salaries and all the other costs and the loss to 30 June was AU$30,197,723.

http://www.investegate.co.uk/Article.aspx?id=201208310700121726L


How can they justify such high salaries for that performance? THEY CANNOT!!

If the salaries do not drop and CFU do not cut costs elsewhere I can see the next fundraising being a total flop, because they were losing AU$873,466 just by selling AU$6,717,104 worth of systems before and now they have CUT PRICES to try and get more sales, so the loss from sales will be EVEN HIGHER over the next 6 months (presuming they can sell anything that is).

More sales = bigger loss = DOOMED!!