Hi bobcatpaulAny broker would advise you to get out of BRO, or...

Hi bobcatpaul

Any broker would advise you to get out of BRO, or heaven forbid should you mention investing in it, you'd be told to avoid it like the plague. Allegedly BRO's principal activity is a provisioning services business, servicing the communications and ict market via it's subsidiary missur pity limited. Also, for well over a year we've had the odd announcement relatng to pangaea metals (their junior mining and exploration company) and spinning this off into a seperate asx listing and making an in-specie distribution of it's shares, or selling pangaea. The directors are all acting in the best interests of shareholders of course. For this privilege, the chairman Vaz is paid a base salary of $240k and share based payments of $120K, and the overall executive reumeration is $608,649. Given there was only $524K cash at the end of September, and the business fundamentally isn't making a $, then the writing is well and truly on the wall.