Am not sure many DAU holders would use the word Frugal when it comes to Directors at DAU historic use of treasury.
Admin / Corporate & miscellaneous costs have traditionally made up the majority of balance sheet costs
which still continues.
The related party transactions of Carson / Guo & the flow of free shares/options awarded to themselves have been extraordinary.
To burn 500kA$ ( which was circa 20% of treasury at that time) in a startup food business controlled by the
Directors at DAU , Unsecured , Interest free with no maturity date is unprecedented.
The vote against was strong but sadly not strong enough.
Find one single person on this blog who voted in favour would be hard.
In any case good luck in future with DAU
SG.
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