Yeah I was saying yesterday its very easy to see why he bought. A one-off $475K outlay to secure an $800K annual income, and good point that he would be aware of the cast votes prior to the meeting, so had an idea of what he needed to buy to keep his "job."
Some of his cheerleaders here insist it’s a sign of faith in the company’s future. Let’s be serious. He’s investing in his future. A one-off $475K outlay to secure an $800K annual income, this income funded straight from company accounts for as long as he remains in control. And as long as he’s calling the shots, they can raise more capital and to keep paying himself for achieving sweet f all whilst shareholders have lost nearly everything. His paycheck is guaranteed.
I dont know if Im in the minority here, but I do hope that PVL get another shot at this, they have a track record of success and not taking exhorbitant salaries, unlike the current directors at PER.
PER Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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