As per the previous annual report, the directors received about $1 mill in cash for salary. With 150 employees they've mentioned, the remaining $19 mill would put employees at an average of 120k each. So it pretty much adds up, but they are definitely not very lean like the CEO said today lol. From what I can tell their US and UK markets will go through some pretty good growth. US is scaling well and UK should multiply until the end of the financial year with the media partnership. AUS is still having solid growth, lets see how long it can maintain double figure growth quarter-on-quarter. I'll be looking for an entry position very shortly Cash Flow Positive + Scaling. Salary heavy - but I don't think their salary expenses will increase much going forward.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6
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