You'll be glad to know that Pointerra staff and board would, without hesitation, take a salary haircut to preserve the cash position of the business if it was needed.
Quoting the webinar Pointerra uploaded to YouTube (listening from 23:10 onwards): "If we need to, without hesitating, staff and board would take a salary haircut, if that was needed, to preserve the capital or the cash position of the business, and make us not have to come back to the market to raise money in these times, which is where the valuations clearly aren't great."
The "where the valuations clearly aren't great" comment from the quote above was made at the time when the share price was around the blue line below:
I don't think we've seen any salary haircuts to preserve the cash position of the business as of yet (it looks like the opposite has happened, see below), but perhaps we'll see salary haircuts in Director's Report later this year?![]()
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2 | 52819 | 0.061 |
4 | 206879 | 0.060 |
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Price($) | Vol. | No. |
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