If they don't plan to build the house anytime soon then Pivacs could begin with pay cuts to their salaries. Their massive salaries cannot be justified during this time. There has been no progress for past 12 months, and I expect there won't be any progress made for another 12 months. They need to cut back on their on salaries (something Joyce has done already) to lower their cash burns. It's in the best interest of the shareholders.
FBR Price at posting:
1.4¢ Sentiment: Sell Disclosure: Held
