These director Jeff Steketee and Jim Durrant, should have reduced their salaries so as to preserve cash-flow. Instead they are on around $350,000 which one oil industry expert describes as being out of the stratosphere.
They know they can basically use their salary, which is company money, to pay for their own personal stake where the company raises capital. So their stake will increase at ord sh cost.
By the way arbitration has closed to ceased. It's still right at the beginning. They have not even exchanged documents. Raisama may have some dirty. dealings they don't want to reveal. So don't expect any arbitration decision.
They have given up on winning the arbitration. Blade are just watching Raisama run out of money. The Raisama directors are looking after themselves. There us a long bumpy road ahead and much of it is caused from poor management. You are welcome to cross check the info.
RAI Price at posting:
1.7¢ Sentiment: None Disclosure: Held
