I see this as a positive, which is a difficult thing for me to say about this company given the way it is being managed.
They won't be raising cash until they have got their hands a new asset.
Cranston and Tolga cutting directors fees and lending funds to keep this alive is a good sign. They are directors, as well as shareholders, with plenty of skin in the game. So as directors there is a bit more on the line for them as opposed to being merely shareholders.
Fingers crossed these guys are genuinely invested in reviving this company.
A1G Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
