That will help bridge the $6-7m per annum gap to cashflow break-even (or over $1.5m per quarter) but will only take us part of the way. We don't actually know what he and most other senior execs have been getting paid so impossible to quantify the savings with no company guidance. I doubt sales have increased enough (from $20m pa) and/or costs have decreased enough (from $27m pa) in one single quarter to reach break-even by the end of the quarter.
SPA Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
