Firstly it sends a very strong message to market that you have the confidence in what you're asking others to believe.
One upside of that is a stronger share price that could have halved or even better protected against the ridiculous dilution that took place in the last CR.
Directors and Execs buying shares is a fundamental market indicator of confidence sought by investors everywhere.
Long held investors who's money has been used to pay these salaries for 3 years were thrown under the bus in the last CR by some very amateurish decisions.
I agree that them taking shares rather than cash for salaries is far from ideal.
The journey to date has also been far from ideal and the pain felt by investors could be shared in this critical time.
An announcement of this nature would increase the SP.
That's not too painful for those being paid in shares.
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4.1¢ |
Change
0.001(2.50%) |
Mkt cap ! $1.461M |
Open | High | Low | Value | Volume |
4.1¢ | 4.4¢ | 4.0¢ | $5.405K | 128.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8464 | 4.1¢ |
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Price($) | Vol. | No. |
---|---|---|
4.4¢ | 43825 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8464 | 0.041 |
1 | 100000 | 0.040 |
1 | 26315 | 0.038 |
2 | 30277 | 0.036 |
1 | 48500 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 12000 | 1 |
0.047 | 14800 | 1 |
0.048 | 1016 | 1 |
0.055 | 88714 | 1 |
0.056 | 11703 | 2 |
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