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Technology Stocks : Geo2 Ltd. Green technologies
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To: IngotWeTrust who wrote (67)5/16/2001 8:42:19 PM
From: Henrik   of 70
 
The Australian Wednesday May 16 2001 MARGIN CALL by MICHAEL WEST

CLERKS PERKS

Talking about costs, GEO2’s doleful shareholders are none too pleased at the time and cost of this board-appointed administration.

Take for instance the $538.50 an hour being charged by Raeline Murphy of Simms Lockwood. Or the junior typist charged out at $127.50 an hour. Crikey, Margin Call can type.

Then there’s the receptionist at $105 an hour – nice rate for picking up the phone – and the “senior typist”, whatever that is, at $133.50 an hour. A mighty feed from slim pickings.
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Mounting pressure on the politicians to take action and get ASIC into swing with an investigations of the GEL directors.

Also, a group of shareholders are now in the process of preparing a class action against all current and former directors of GEL.

Watch this space - things will hot up soon.
This kind of stuff always gets attention in an election year.
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