I have been having a read of the annual report today and I noticed the Kain brothers paid themselves a combined total of $465,000 last year. I am not sure if I am being over critical, and I understand they have taken a big risk and probabally work hard. But for a company of this size, who is borrowing money at a premium and burning cash, this seems like they are cashing in a bit. The total revenue for the year was only 600k. The company should concentrate on remaining solvent and generating a profitable model before they hit the large paychecks. I understand that you have to pay well to get tallent, but I fear they are milking the company dry before proving their worth.I really like the companies strategy and feel they have made genuine progress, I just don't want to see it driven into bankruptcy buy greedy directors. I understand if they took a pay-cut it could negatively effect sentiment, but I feel at this stage it would show prudent financial management.
I really want this company to succeed and I hope I am wrong, but I feel we need to be realistic. I am interested in others opinions here.
- Forums
- ASX - By Stock
- PIL
- Remuneration for the Kain Brothers
Remuneration for the Kain Brothers
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PIL (ASX) to my watchlist
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.97M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $8.811K | 1.217M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 6264065 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1286767 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 6264065 | 0.007 |
22 | 9464996 | 0.006 |
13 | 12779822 | 0.005 |
8 | 11400000 | 0.004 |
6 | 9166671 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1286767 | 4 |
0.009 | 5038215 | 9 |
0.010 | 8408830 | 15 |
0.011 | 4537519 | 10 |
0.012 | 7028599 | 8 |
Last trade - 10.46am 02/09/2024 (20 minute delay) ? |
Featured News
PIL (ASX) Chart |