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clock Created with Sketch. 15/07/22
20:25
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Originally posted by samcharlotte77:
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This seems interesting increasing your salary above what the company profit from production. Does this mean Tom Soulsby will move back to Australia now he has moved to a full time workload from Indonesia. Can anyone please confirm he has stood down as Chief Executive Officer for Risco Energy a company based in Indonesia. I am quite surprised Risco Energy have not made a public announcement in regards to its Chief Executive Officer standing down to take a full time workload for the company he is Chairman of in Australia but resides in Indonesia. Obviously he resigned from his position in early January if that'd when he decided to backdate his salary 6 months for. Im a little unsure why management can just give themselves a $75000 bonus for stellar performance when the shareprice has fallen from 12cents to 3cents. I was just wondering if someone could please advise me where he stood down as Chief Executive officer from Risco Energy as Obviously its a criminal offence to be claiming full time salaries from 2 separate companies based in 2 separate countries. There is clearly absolutely no Benefit for shareholders him being based in Indonesia when revenue does not even go close to cover his salary
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Revenue was approx 550000 for the month of june. Surely profit for fy22 should be much much higher than director renumeration.
