PHO 3.45% 6.0¢ phosco ltd

Either way whether they have $5o grand or $80 grand in cash the...

  1. 121 Posts.
    Either way whether they have $5o grand or $80 grand in cash the lack of news on relisting and the throw away lines about looking at new projects with no details and no interim announcements, sounds like they either can't relist on the exchange or waiting for it to die from lack of funds. Both ways the shareholders lose and the board get s paid hundreds of thousands dollars for the last two of years of nothing, Nic Clift was on over $300 grand a year and the chairman Broome was on $120 grand and the directors were on $60 grand each along with payments for extra services for legal advice according to the prior announcements. They can't even be bothered to put half year and annual reports, we poor shareholders cant see what has been paid and where it has been spent. Does this look like its lifestyle company run for the benefit of the board and not for the shareholders?
 
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