PO3 0.00% 22.0¢ purifloh limited

pull your finger out gents, page-7

  1. 4 Posts.
    Agree with your view on sector but dont think it will ever work in WRG with current management. The way I read the Prospectus tells me these guys had fun at the trough even including the issue. There were fees EVERYWHERE ! 1% to Vitlich the CEO, 1% to Harcourt, 1% to Ross Lydon James, performance bonuses to other execs, 6-7% to the brokers, consulting fees to the directors and truckloads of money along the journey. What a deal !!! I should have become a consultant too, at least that would cover the losses of my stock since it has listed. Stupidly I thought that performance would entail some degree of actual performance but I assume not. I wonder whether the compoany will actually make any announcement about how much they actually raised in real money (does anyone know?) and where it has gone already.
    Good luck waiting for the directors to support the stock.
    By the way I was completely confused about their "contracts" do they have any ?
 
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