many of you keep repeating this number that Dave supposedly made, but your facts are incorrect. Very little of the share sale years back landed in his bank account. He participated in every capital raise, often a good chunk of that year’s salary. He also voluntarily deferred his salary recently (can’t remember when that was) but he’s owed money and who knows if the receivers will ever pay it. . Since the receivership he’s been the only one left fighting to keep some sort of shareholder value. PFG had a Dr Evil style world domination plan but it blew up in their face and so now they are trying to force liquidation out of spite. There’s still several million in assets (Fiet didn’t buy everything). But if they don’t pay the fees, for which they still have the money for, then it’s game over.
But I think you’re right about hiring the inside man. Looks like that is exactly what happened.
BUD Price at posting:
0.6¢ Sentiment: None Disclosure: Held
