PSL 0.00% 1.1¢ paterson resources ltd

3 weeks till drilling starts, page-16

  1. 736 Posts.
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    Pigs Trough this one.. how do i know that.. how many bloody directors here (who seem to recirculate in and out of the company) and how much does each of them receive and for what.. each would receive probably $80 - $100k .. maybe meet 10 times during the year (if that) to hi-five each other (equates to $10k per meeting) and yet no substantial projects or immediacy of concern at sapping funds out of the company. In fact the Geo for the company is not a director.. so what the hell is going on in here.. how do these corporate pimps justify the outgoings (corporate costs) and the constant credit raisings. Easy way to save money here.. drop 4 directors.. there is half a million dollar saving and 1 - 2 drill campaigns.. will they do it .. hell no they won't because they are all trough pigs with greasy pockets. Even listed companies can run on shoe strings if management care to do so, but when they are fleecing shareholders, good f'ing luck!!
 
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