Good point. So K-Tig has the turnover of your local busy cafe with revenue of $3m and pays Adrian Smith $900k for last FY including a huge bonus when the actually achieved a loss of $6m. This is obscene for a company of this size. There really should be some rules as to how much CEO's are allowed to be paid.
Further they now have over $2.7m in trade payables and Employee liabilities and cash and equivalents and trade receivables of $1.7m. So there is a $1m short fall, how are they keeping this business going when they are essentially bankrupt I wonder. Also keep in mind these figures are at the 30th of June, so with their cash burn they would be much worse. Something just doesn't add up to me.
It's got to be one of the worst run business I have ever seen on the ASX. Management have just treated the market as a money machine and I really can't believe they have lasted this long.
KTG Price at posting:
14.5¢ Sentiment: Sell Disclosure: Not Held
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