@TJ1988. As others have said – IMO DC is probably taking shares in lieu of cash because there is no cash (at least for the moment).
However, lets assume you are correct and the SP will be above 5 cents by October.
DC’s annual salary is 400K.
So, for the past 6 months the equivalent number of share for his salary is 100m (200k worth of shares at .2 cents = 100m shares).
In October with a SP of 5 cents, those same shares would be worth 5 MILLION DOLLARS (25 bags).
So, DC would have earned 5 million dollars for his work over the past 6 months (not to mention significantly diluting shareholder value through issuing shares).
IMO, there is no scenario from here where DC should be involved with the company. He has been proven incompetent and has destroyed shareholder value to the point where it is farcical. It is time for change.
PRL Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
