This is outrageous,
I had a closer look at the annual report, section 12 Remuneration.
This is digusting how they give themselves a tit on the cash cow and just keep suckling.
The 3 that stick out are; (total possible remuneration)
Mr G Casello - $807,263
Mr R Longley - $683,643
Mr D Meehan - $1,091,259
The company made a net LOSS of $32,941,511 for 2014.
Continuing Operational costs- Employee and Director expense 2014 - $12,984,425;
- Share based payments - $2,049,548
- Salaries and wages - $9,648,101
- Non-executive directors fees - $668,825
- Superannuation - $617,951
And as I write this the shareprice has just dropped another 5%.
Management really need to take a step back and abide by their corporate governance guideleines.
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