asset sales and phil thomas

Do not be surprised if quality assets are sold this week at pathetic prices.... why? because our illustrious Managing Director is so desperate retain his $500,000 per annum lifestyle us shareholders have afforded him he would even sell his own grandmother to keep this thing afloat for at least antoher year (albeit limping on 3 legs). Phil doesn't care if the share price goes from 0.03 cents to 0.01 cent either because he doesn't have any shares!

Lets face it there are not many jobs out there for failed Managing Directors like Phil at $500K p.a and given his performance over the last 12 months and questionable links to OPES Prime (Bloomberg & Co) he would be lucky to be employed at 20% of his current wage.