This company doesnt even have a story to sell anymore. It is now...

This company doesnt even have a story to sell anymore. It is now in a critical position, as it cant sell a vision for any future cap raises, and it doesnt have any targets of value to drill into. It will run out of money as it doesnt generate any revenue, so it needs to go into Hibernation and retrench staff until there is any clear new opportunities or direction - OR prepare to sell what ever value is left in the company.
we cant keep spending $486K in management salary with running costs over $1.85m annually and continually striking out.
Corporate and administrative expense (1,717,166)
Employee and directors - remuneration expense (132,950)
If you look at the financial report - the income these directors earn for the input and value to the company, especially when i get the feel it is only a part time business is purely Lifestyle category. 2-3 months a year in the dry season is when we get action and unfortunately the last 2 years have been miserable strike outs.