Hello Patient Holders, Despite the lack of news on the project...

Hello Patient Holders,

Despite the lack of news on the project front there is one reason (which I have mentioned before) which give me some further comfort. The new CEO David Matthews will receive the majority (75%) of his remuneration in equity. He commenced with the company 1st June and this will be paid quarterly. Now I'm not too sure how this will be paid (company not good at responding to questions) ie at VWAP for the quarter/month or SP on the day? However I'd say he'll be receiving his first payment in September some time. And if I was Matthews I'd be hoping the SP remained low at least for my first tranche. Eg if paid at 0.8c he'd get approx 6m shares where as if paid at 1.5c a lot less at approx 3m. And we all know how valuable these size parcels could become in the near future

So, never good to keep guessing when you're trying to remain patient however this could be another reason we might not hear much for another 3 or 4 weeks.

JMHO and PDYOR.

Now back to sleep for us................................