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22.0¢ roto-gro international limited

Ann: RotoGro implements COVID-19 Operational Plan, page-4

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HairyRichard

3,857 Posts.

543

24/03/20

17:08

Post #: 43673473
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Originally posted by Red Baron: ↑

This is a very reassuring announcement, I think the market needs to know they have reduced expenditure and the main projects are on track.

I don't know how many people we employ, you'd think that a reduction of 12 people would be a very high percentage of the work force. Also very good to see Adam has taken a 66% reduction in salary and is also deferring the remaining salary. What is also important is we have no debt, with a skeleton staff our expenses should come right down to see these terrible time through.

I believe our Cannifarms partners are paying those expenses until the deal is formalised with the HC license.

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While the update today was good, I think it's a bit of a stretch to say the main projects are 'on track' when we haven't had an update on either of them in over 2 months
Was really hoping they would take the opportunity today to let us know what's been happening

RGI Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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