EXT 0.00% 0.9¢ excite technology services ltd

Ann: Appendix 4C and Activities Report, page-12

  1. 4,981 Posts.
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    It's actually disgraceful. I don't like how this guy runs things and got out a while back with just enough profit to buy nearly buy lunch, after an arduous roller coaster of SP movements (mostly downward).

    Today's Ann is a slap in the face to shareholders- bleeding cash through growing the business is one thing but that CEO salary is just criminal.

    $400k salary divided by $2.6 million cash at bank is 15%.

    So Mr Pretty will personally bleed 15% of shareholder raised cash this next year for doing what exactly? Don't try to tell me the guy is some kind of Cyber or business genius?

    He has run the company nearly into the ground trying to flog a failing bunch of CP products, then fleeced shareholders a couple of times to buy not 1 but 2 already up and running Cybersecurity Businesses, which likely will do much better if he keeps as far back from them as possible.

    Wowsers, that REALLY deserves nearly half a million a year FFS.

    My advice would be sell up and move on from this circus.
    Last edited by Mike77: 20/01/22
 
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