TheDirectory.com, Inc. (SEEK)

[equityhawk]

I am quite certain the CEO is drawing much more than 100K from the company. HOWEVER, it is not on the Salary line. There is an account called SGA which is a "black hole" to us but a place where most of the pinky CEOs like to "manage". Also, look at consulting agreements line item. This may not be as egregious, but none-the-less, a way to redirect funds without a lot of scrutiny. Maybe those two line items may be the reason why the change in accounting firm... AGAIN!!!

As I have stated, this guy is just looking to pump money out of the company and not really put forth the effort needed to make the venture that is profitable for ALL shareholders.

Now that his printing press is running dry, he will need to find other financing means to deliver more shares to, while he bankrolls many many more dollars over the 100K mark.

Of course... JMVHO