RE: GR email reply17 Oct 2018 15:49
Sbrown - looks like the $300k was for last year and last year only a rise from $150k a year, not happy with it myself but clever as his brought in Michael Forester so we can expect them to be taking approx $150k a year each.
However and I quote GR words not mine none of the BOD have taken a full monthly wage as a way of reducing costs, this isn’t to say they won’t take 50% or more in shares but this hasn’t been done todate in any calendar month this tax year.
I am the first person not to support $300k but it might have been a one off to collectively continue to receive his $150k (if that makes sense to you)
But according to PREM CEO no directors or staff have taken a full wage. How true this is I don’t know for sure and won’t kniw for sure until I review this years accounts.
I understand there has been a lot of disappointments and let downs but focusing on the past as a reflection of the future doesn’t help anyone. I’m sure if you held 7% (was 34%) like GR you would be doing everything to deliver.
Has he sometimes done things that he could or should have done differently - most defiantly but before we jump on the let’s kill GR band waggon, he is this he is that, let’s see if he delivers at or by the end of this month, not long to wait GLA
By the way I am the first to hold my ha face up and say I haven’t been fan of GR and that’s because my investment is still under water of some £60k + but like a lot of other LTH we just have to suck it and see !