WFE 0.00% 2.4¢ winmar resources limited

Ann: Quarterly Reports, page-31

  1. 3,528 Posts.
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    Agree, it would be a good indicator that the directors have faith in their ability to get the job done, if they were to defer payment of fees until the company re-lists. Let's hope that is the case!

    Besides, as you say, FEG is no good for directors in the vent that the company hasn't paid them for a while and it goes bust. However, if they did pay themselves and then the company went bust, they could be looking at defending a claim by a liquidator of an unfair preference payment in any event, so perhaps the deferred payment pending cashflow to sustain wages isn't too far fetched an idea??
 
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