Yep, just finished reading WMT's AR and I'm weeping for the...

Yep, just finished reading WMT's AR and I'm weeping for the holders.

19 pages of executive salary reading material - they only have to disclose what they paid the 5 highest earners and that was $4.3 MILLION, not $485,000 in the case of MKY. There's another umpteen pages on share based payment, shares, options,etc...and they ended up with $11 MILLION less cash at end of reporting period than they started off with, and bugger all to show for it.

MKY still has over $3 million in the bank (pretty much what they originally raised)and they have a bauxite deal on the table waiting to be announced

Based on the above, I'd say MKY is looking pretty good