Does MM1's Market Cap, balance sheet and unlikely hood of any future success cater for the MD to be awarded a $50k pay rise, now on $300k a year (plus super and benefits) at a time when the company has only $2m left in the bank from the original $11m it raised at IPO little over 15 months ago?
who in their right mind would even consider getting behind it at next cap raising?
i sold out of my allocated MM1 shares on the morning of the first day it traded, but i keep in on my watchlist so i can have a good laugh at these sort of announcements.
