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Im not talking about getting a PWC £100k+ audit, i would not support going on your gut as to what you think SML can be run on. Effective cost reduction MUST be done correctly.
I do agree this small market cap company is overburdened with cost both in size of current salaries and number of positions, but any cost saving has to be done in a methodical manner.
Maybe JP or Alan could let us know whats going on and how they are going to address this issue prior to this activity?
Sometimes you are better off with the devil you know.....
As much as costs are my number one issue, i wish this had been done over 1 yr ago.
Before we suggest chopping anyone i want an honest statement of where we are and what is being actively being worked on.
What does each exec do daily?
What finance is being discussed and what is subject to PEPR?
Understanding these questions will help refine the cost reduction steps with minimal impact to SMLs future operations
for me its about wages/costs, i want to see drastic reduction given the resources/workload, i dont care how they achieve, redundancy/salary reduction/salary offsetting.
Im guessing DVH, Botcoin (was a SP mistake but i liked it), the few here and myself and we have more likely 10%
ok but SML can continue without funding, just forgoing progress, so its a different situation to Sirius.
Someone else could still drastically reduce costs, bide a bit of time and then self fund LCCM.