RE:incomeDear Jacksamcrow and Sauce19 (almost certainly an alias for one of the 3 stooges)
The info from the financial times is from OCT 1 2014 To Sep 30 2015. A significant portion of the umbers dating back more than 2 years.
What you failed to note (or at least share) is that in the income statement section covering the preceding 3 years you will see a 64% decline in selling general and admin which covers all salaries and bonuses.
All management and consulting fees as well as salaries and bonuses dropped from 3.021 mill in 2014 to 1.61 mill in 2015
But who cares about the big picture right? Lets just keep slamming the management of the only deposit that is moving forward!
For those investors interested in more recent data and progress………
2016 saw major cuts in senior management positions that I will not elaborate on but personally agree with.
If one extrapolates (can someone explain what that means to the three stooges) the most recent quarterly income statement and compares the “management and consulting fees” line for the nine months ended June 30, 2016 to the total manage fees and salaries from the previous annual income statement they will see another projected decline of 38.75%.
If you really want to come to the correct conclusion (as I have) about this stock, then:
-See what the annual numbers say about management salaries and bonuses
-Attend the annual meeting
-Don’t be dissuaded by all the wannabe’s out there (and there are many). If any deposit has a chance its this one.
-Ignore stooges who are nothing but a waste of time (unless you happen to find them amusing as I do)