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Re: alanthill post# 49772

Saturday, 04/15/2017 7:45:41 AM

Saturday, April 15, 2017 7:45:41 AM

Post# of 82004
If an investor (I'm willing to) was to approach Sigma and ask:

1. What their roles and responsibilities are, and
2. Considering the financial situation the last few years, what has been the major contributions of key team members, and hence justification for tyese pay rises...

Do you think this would get answered?

I think MC is justified, but not Amanda. What you have raised is something that I have also been worried about. That is, for lack of a better term, the Cola clam taking the piss. Why does she get such a huge pay rise? Surely it is justified (for all) only after the cold hard cash hits the books. As somebody who has started buying dips again, I'm hugely worried about this kind of activity. I've seen this before, a huge opportunity thrown out the window by greedy hands.

A true local story - Newsat limited was huge opportunity for an Australian company who owned key satelite spots in space, to put satelites up and reap governemt spending on communications across key locations (Africa, middle east etc). The contract payments alone were expected to be big. The exec board went on tour to drum up additional investor money, only to blow it all on lavish trips and parties instead of paying Lockheed Martin and Arianespace.

I'm not saying Sigma are partying the money away, but the money should be staying with the company during uncertain times. Once things are running, then go nuts on any surplus. Company first! That's what gives you the lifestyle.
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