In addition, the Company has reduced its senior management hours and, consequently, salaries by 40% and the Board of Directors’ fees by 20%.Does anyone else just read this as another excuse for more delays??
Less hours = Less Work = More Delays.
If you work less hours, you get paid less, not rocket science...They should be working the same hours with a reduced salary.
Board of Director's fees reduced by 20% is a start.
The Board of Directors have agreed to take TNG shares in lieu of payment subject to shareholder approval at the Company’s next General Meeting
Hopefully brings some confidence back.
In addition, the Company has reduced its senior management hours...
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