Someone needs to call Captain Ron and ask him about this……On the...

Someone needs to call Captain Ron and ask him about this……

On the last quarterly cash flow report there is only $355,000 cash remaining. The reoccurring overheads of $202k alone are going to send the company broke very soon. Ron is currently on $306K per year with the next main two guys on approximately $130k each. At such a time as this, with the companies back against the wall, a $300k salary is completely disproportionate to the current financial state of the company. There is no problem with the income once revenue is being generated, but in the interim I think you need to for go some of the income in order to keep the company liquid and thus afloat.
Under no circumstances should you raise capital again in this market as it would completely ruin the share price and the company.

The fat cat sounds like he is lining his pockets with our money and he always seems to be in a meeting when I call him. Makes me sad.

Ron believes his own lies and has lost the plot!