It's the boards business not shareholders. The cashflows are structured accordingly imo. Openess is an optional extra Roby decides to use at his discretion when it suits.
For instance Brett takes a 'paycut', compensates it with shares and then just so happens to be getting a 6% cut on 'funds raised'. So, will Brett have actually received less cash from MXC over the past few months, or will the 6% fee more than offset any reduction in wages? Effectively getting more free shares and no reductions in cash received?
Roby and Brett took a nice 'R&D fee' last qtr through GraftPolymer to ensure personal cashflows remained healthy.... right before they hit MXC holders up for more cash.
It seems they can't even produce a decent gross profit margin? Won't matter if they bring in $5m revenue in a qtr if it costs 95% of that figure in 'cost of sales'.
How long before they're putting their hand out to raise more funds? Brett can smell another 6% fee already.
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Last
35.0¢ |
Change
0.015(4.48%) |
Mkt cap ! $16.94M |
Open | High | Low | Value | Volume |
34.5¢ | 35.5¢ | 33.0¢ | $60.95K | 174.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11855 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 1338 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11855 | 0.270 |
1 | 20000 | 0.250 |
1 | 2200 | 0.230 |
1 | 14600 | 0.205 |
2 | 17358 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 14 | 1 |
0.400 | 6621 | 3 |
0.415 | 225 | 1 |
0.420 | 147 | 2 |
0.430 | 28 | 1 |
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