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Here's something for those that wonder if IOU can rise from...

  1. 1,743 Posts.
    lightbulb Created with Sketch. 2058
    Here's something for those that wonder if IOU can rise from this. Current valuation of the business according to what PWC presented in court. $47 million.
    Current running costs are 43K a month. Think about that. Old BOD was running at 300K a month before they started sacking people, but their costs were still way higher. Old costs of 300K a month equals $3.6 million a year. Current running costs are actually $516k a year. Difference of $3M. In other words we are running at a profit now that all the extortionate fees are taken out.
    Also we were paying Aaron $250K a year. David is $1,000 a week only. Sure there will be performance shares, but he is doing the right thing and means he will have skin in the game and a good reason for the company to perform. More to come, but I am excited for the future now that IOU can show its true colours
 
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