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Agree with all you point out, hence the big drop in share price...

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toli

126 Posts.

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24/10/23

16:17

Post #: 70510342
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Originally posted by manicdoc: ↑

Looks like for every 2 dollars they got from customers, 1 of them effectively went into Tim's pocket. Or look at it another way, that's 13% of the recent capital raise. Not a good look. He should be on around $275k absolute tops, the same for the rest of them. He currently is on a basic of 457k PA, which for such a small business is nuts. This ain't Qantas. Up the performance-rated part and reduce the basic I say.

Also, they only have 101 employees... so that's 12k of revenue per employee PA atm...

I don't mind execs paying themselves well, but it needs to be from a proven large pie of incoming recurring revenue, not out of critical funds to grow the business.

As always DYOR.

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Agree with all you point out, hence the big drop in share price today. Holders are getting fed up with the big pay cheques we are paying for, considering Redflow is still a loss making enterprise.

RFX Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
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