notice of agm and explanatory statement, page-80

Maybe Glynn was overpaid but what he was paid is in the past and we cannot change that now. He did however have a hand in brining on P&G which is something. The way I look at it now is:

1) Can we afford the increase and

2) Is it justified.

Thats a no for one (we are burning cash, revenues are limited with no future forecast and we can only hope that they seem to be increasing) and no for the second (apart from getting closer to the customer we really dont have a laid out plan of what the directors want to achieve and how they are going to do it).

On top of that we did not vote for an increase on the number of directors and they should have been fully aware and agreed to their remuneration when signing their current contract. If they weren't happy then why sign it and agree to the position. Or did they just assume they could put through an increase once appointed and we would be ok with burning more cash.

As many have said before, I am not against an increase, just not until it is justified. At this stage I don't think it is.