report, page-84

I have a large holding in a very small Co with great prospects but sitting right on the edge of extinction. At present, in order to survive, execs have agreed to be paid almost nothing. The only parties being paid monthly are accountants and auditors - huge bloody sums I might add for doing figures for a company earning nothing. On the other hand I have a large holding in this tiddler that has been a begging master for years and years. I have even helped out. But far from offering to reduce costs to get this little fellow over the line, our MD and Staff have just increased and increased their salaries and the perks they take out. Is that reasonable? Maybe. Do they really care if the Co goes under? Well perhaps after all these years at these salaries, perhaps not. But when the Co is struggling financially, and has been for years, and investors keep putting their hands in their pockets to keep it afloat, you can't help but notice that the head honchos are not adding to the pie; are not doing anything to reduce costs; and to add insult to injury, the MD puts the wife on the payroll at 75K a year.
This alone answers all the questions for me about the intentions of our MD; this and the secrecy surrounding pp shares. Sometimes I wonder why I am still here. Hope springs eternal I suppose. And I do like the technology. jwt