Mr. Hartman has agreed on a voluntary basis to reduce cash payment of his base salary to $1 per annum from 1 July, 2016, with deferred amounts to be accrued until the company records its first month of cash flow positive trading.
forecast cash flow positive in FEB 2017
maybe revenue of 1mill and +ve cash flow of 50k
so then this guy will take his wages and back to -ve cash flow.
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- Ann: Business Update and Appendix 4C -March 2016 Quarterly Report-NWZ.AX
Ann: Business Update and Appendix 4C -March 2016 Quarterly Report-NWZ.AX, page-10
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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