Looking at the ASX announcement i like the part where the...

Looking at the ASX announcement i like the part where the executive + non executive directors + senior management agreed to a 20 % - 50% paycut to help keep compant costs down.
This is pleases me when staff will make sacrifices when the company is in need.
Also announced is restructure of company where R@D expenditure will be reduced from $5m to $500,000 next financial year.
By July 2002 the company will be saving $700,000 a month.
I bough a postion of just below 300,000 shares today at a average cost of about 15.6c.