Dr Cowden will be remunerated at the rate of $1000 per day for time in addition to the normal duties of Chairman. Dr Cowden has agreed to defer the payment of such additional fees for at least 3 months. His position as Executive Chairman can be terminated by the Board at one month’s notice and there are no other material terms associated with his employment
It’s also worth noting it’s at least 3 months before the daily consultancy fees start.
By that time the DFS will be know ...
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MLL Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held