I think the major issue that people should be concerned with is the disconnect between the 4C revenue of $321k and then the half yearly saying revenue from ordinary operations for the half was $328k.
They must have included the interest revenue in the 4C announcement which is pretty misleading to say the least - or they recognised revenue incorrectly.
Regardless - only time will tell w/ respect to major customer contracts and whether they can execute or not.
The increase in salary for Joel and Bane is a bit of a slap in the face considering all that has happened in the last few weeks - it's almost as if there is a massive disconnect between SHs and Management. Management is already incentivised by options and their huge % ownership in the company - not sure why they need a 50% pay rise.
GSW Price at posting:
60.5¢ Sentiment: Sell Disclosure: Not Held
