Ann: Board Restructure and Cost Savings, page-14

We still have to pay Chris 4 months pay. So cashflow wise we are in worse short term position. Does this mean he wasn’t doing a decent job and therefore used c19 as the catalyst.

$1000 per day decent rates in this environment. We just want everyone aligned don’t we? No doubt the resources are world class, the market shite, and really only 1 of our directors had real skin in the game.

20% reduction is ok but why not keep Chris on half pay we are least get him for the next 8 months equivalent. Or am I missing something? I thought we all thought he was the man?????