Will This Mob Ever Deliver?, page-5

  1. 12,950 Posts.
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    1st Qtr.

    Receipts 5,446,000

    Payments to run the business 7,061,000

    Loss for 1st Qtr 1,615,000

    Projected loss for the year on this basis. $6,460,000

    Last year the Employee and Directors benefits expenses were just under $5,000,000

    This year project from the first quater the Employee and Directors benefits will be $11,584,000 for the coming year

    So the projected loss for this year will be over $6,000,000 whillst the salary expenses increase by $6.500.000

    It has become a lifestyle company!........and they keep "suggesting" it will be break even in 25.

    It is out of control.
 
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30.0¢ 11999 1
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