Yes current director fees are a disgrace for a shell, especially given they have been paying themselves at this rate for several years with nothing to show for it.
$100k in the Dec Quarter alone for provision of an office space (controlled by certain) directors.
Look at the way EQX's cash reserves have been managed - $10m burnt in SO4 (another Apollo entity), $300k p.a salary for an MD who delivered absolutely nothing over his tenure, and left to take up a better offer elsewhere.
I just cannot see another year through without these guys delivering something for shareholders, it would be criminal.
CR1 Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
