RE: MOS Trades19 Feb 2024 16:51
That's a bit unfair and overly negative IMO.
"The Agreement has been expanded after a full evaluation by the Board to ensure it provides fair and good value to the Company as it scales up. The Agreement covers the provision of office space, on a re-charged basis, as well as creative, technical and office support to the Company in operating its Streams data service and NFT platforms at on or below market rates, contains a 90 day notice period and is subject to 6 monthly review. In the year to 30 June 2023, Kruchdata Limited paid Ignite £172,000 of fees."
I checked the annual accounts released in December and his salary was listed as £82,500. Even if one third of that Ignite fee was just going directly to ME as a "salary top up", which it is not as you can see from what they state it is for, then his annual pay from running MOS would be £140K. That is not especially high for even a small quoted company.
For clarity that is not what they say it is for and when you invest in a company big or small you trust the company to try and progress the company which to me it looks like they are doing now.