1st Qtr.
Receipts 5,446,000
Payments to run the business 7,061,000
Loss for 1st Qtr 1,615,000
Projected loss for the year on this basis. $6,460,000
Last year the Employee and Directors benefits expenses were just under $5,000,000
This year project from the first quater the Employee and Directors benefits will be $11,584,000 for the coming year
So the projected loss for this year will be over $6,000,000 whillst the salary expenses increase by $6.500.000
It has become a lifestyle company!........and they keep "suggesting" it will be break even in 25.
It is out of control.
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