Me Today MEE

[Sampan]

Have a look at the directors fees/ directors consulting fees in the latest annual report - that is a disgrace what they are pulling from this hapless company

[Sideshow Bob]

Have a look at the directors fees/ directors consulting fees in the latest annual report - that is a disgrace what they are pulling from this hapless company

Top-line revenue has gone from $1.45m to $8.8m (for 15 months).

But salaries have gone from $1.2m to $7.9m (again for 15 months!)

[Averagetrader1]

Just remember they bought the old honey. Being that was a larger company imagine that is where a lot of the salaries are going to. That was after march last year. Still it's almost 7 mil difference

[whatsup]

This is not a disgrace its a F DISGRACE !!!

[Sideshow Bob]

Just remember they bought the old honey. Being that was a larger company imagine that is where a lot of the salaries are going to. That was after march last year. Still it's almost 7 mil difference

I think they bought something for when you are sick - some honey with a whole lot of lemon!

[SailorRob]

Was all spelt out in the IPO document.

Three letters.

R

U

N

[whatsup]

Are the fish heads trying to recoup their share losses via director fees ?

[nztx]

Just remember they bought the old honey. Being that was a larger company imagine that is where a lot of the salaries are going to. That was after march last year. Still it's almost 7 mil difference

How was the Old Honey so profitable back then to allow for such huge salaries against later performances
owned by MEE ?

Discl: Holder - Not MEE

[Averagetrader1]

This is really just a copy and paste from their last update plus sneakily have moved the launch date of new products to October. All in all everything everyone is saying is true. Cash burn is crazy right now. I still firmly believe next year will be a far more positive year. They have already said the China sales will start again end of year which will see revenue grow. But until then think all the bashing is justified lol.

[nztx]

This is really just a copy and paste from their last update plus sneakily have moved the launch date of new products to October. All in all everything everyone is saying is true. Cash burn is crazy right now. I still firmly believe next year will be a far more positive year. They have already said the China sales will start again end of year which will see revenue grow. But until then think all the bashing is justified lol.

And things could just as easily hit the fan as well on all the stockpiled Honey between then and now
as Comvita and a few other outfits in other sectors painfully learned the hard way ..