"The junior's bank balance was down to $483,000 on June 30 and chief executive Robert Kirtlan hasn't taken any salary since September -- NGM spent just $6000 on administration in the June quarter -- but he doesn't feel hard done by, given that he has 11 million shares in the joint. He, like the other shareholders, will be waiting to see what happens after that agreement with Paladin expires next month."
No salary and non existant admin costs is what a REAL director does when cash poor.
Oh that's the other difference - he invests in his own company.
IMHO
"The junior's bank balance was down to $483,000 on June 30 and...
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