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 $5m revenue in a qtr if it costs 95% of that figure in 'cost of sales'.
How long before they're putting their hand out to raise more funds? Brett can smell another 6% fee already.
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1 | 3375 | 0.285 |
2 | 6948 | 0.280 |
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Price($) | Vol. | No. |
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