Interesting, thanks Redant. Sounds like the next quarterly will only reduce another $64k due to the 25% salary reduction (given $128k would have been captured in the last quarterly).
Looks like you made the call that the salary cut doesn't include superannuation and leave entitlements. You are probably right (and they are probably keeping their bonuses as well). If we did incl. Leave and super it would be only 144 per year extra (48 per quarter). This would increase the expected reduction by only a 3rd of that so $16k which is nothing to write home about either way.
Hopefully there are more staff cuts to help reduce that cost. Otherwise it is all eyes on reduced r&d and increased revenue.
Haven't asked the company about r&d. But I know a number of people here seem to have WP on speed dial so would love to know the answer next time someone is in contact.
Looking forward to seeing the half year report.
Interesting, thanks Redant. Sounds like the next quarterly will...
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