Wow.I am with you Lollot. I am either completely naive and...

Wow.

I am with you Lollot. I am either completely naive and misread the announcement of a pay cut and hours reduction or the previous announcements were deceptive.

My interpretation of the previous announcement was that directors were reducing hours and subsequently reducing salary by 20% The remaining salary was to be paid in shares.

One would assume that a reduction in hours would come with a reduction in salary for a cash constrained company during challenging times.

I got this very badly wrong by the looks of things.

I will go back through previous announcements when I have tome and review.

Disappointed is an understatement.