This time is different and they are still not taking salary post the recent placement and rights issue. Rather they are waiting for a sale to go through. That says to me these guys are extremely confident that this is a near term proposition.
Just reflecting on this situation after reading discussion about the directors of another company, IRX, forgoing cash director fees for shares which only vest if certain pre-conditions are met and the tax implications.
Directors deferring their cash fees until a deal is done, they would want to see that deal finalised before the end of the financial year, ie June 30, otherwise the fees owed, if paid in 2025/26 FY would result in a much higher taxable income in that year so you'd think they'd have to be pretty confident they can get the deal done and soon given June 30 is just 6 weeks away.
KPO Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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