I asked Kenny about the renumeration figures and this was his response
"To the remuneration question - The significant private investment capital that was raised for various projects this last fiscal year was accomplished by two key management individuals. It was done to keep the company in a cash positive position and to facilitate the drilling of the initial 18 wells at Park City. No brokers or other fee related entities were involved. A significant part of the remuneration listed in the annual report is directly related to a bonus issued to management that was tied directly to acquiring that capital."
- Forums
- ASX - By Stock
- AKK
- annual report is out
annual report is out, page-17
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online