RE:"CEO has never been paid"
Stan, Once again your rigour keeps us all on the straight and narrow. I do apologies for my throw away comments such as before. None the less, how does a man survive for 15 years in receipt of treasury shares when it has also been confirmed that he has never sold a single share. This 'Salary Strategy' is clearly a calculated risk by the CEO and if the share price was flat lining at the historic low of 0.20C or below, it wouldn't matter how many treasury shares he had, he'd probably regret not taking that (cash) salary he elected to gave up for worthless treasury shares. Granted, this absence of (cash) salary has been answered by him in the past citing 'good investments made' in helping to put bread on the table and shoes on his children. He obviously has a skill in seeing value in an investment and the potential upside at Verde has the potential to make him a very rich man. Nonetheless, I accept your point that he is entitled to no more than the value of the shares he has already recieved. However, if he can steer Verde to the production and sale of 25m tonnes per year with a net profit of say... US$248m / year (PFS. page 201) then this 500k - as ill-advised as it may be today - will appear (in the fullness of time) as nothing but a cricket in the way of the giant boulder which chased Indiana Jones in Raiders of the Lost Ark. I'm quite sure this will be a question for him to respond to on the 7th conference call, which becomes more exciting by the day.