I'm surprised that none of the Zenners posted notice of a celebration on August 1st.
That was the day that the 9th year of AE's employment contract began.
That was the day that his total severance package increased from $900,000 to $1,012,500.
Its great that Peter Wood got a raise - From $150,000/year to $180,000/year.
So AE is collecting a salary of $225,000/year OR $18,750/month OR $616.44/day
And Peter Wood is collecting $180,000/year OR $15,000/month OR $493.15/day
AE's current quarterly $75,000 severance payout works out to daily accruals of $821.92/day
AE and PW stop at the ZEN trough and collect $1,931.51/day each and every day of the year.
ZEN needs over $700,000/year just to meet the salaries and scheduled severance payments of these 2 individuals.
Given that ZEN had been BROKE for over 2 months when Team Yellow received $712,000 in the June PP, it is safe to say that ZEN will be looking for more cash through yet another PP in the next 10 weeks.
If that PP is less than 5 million dollars, it is an admission that the promised support from "a few large shareholders, several brokerage houses and a company in Europe” is GONE.
It disappeared when Choo-Choo announced ZEN had Given Up On High-Purity (greater than 99.9%) Graphite and was switching to using HYDROFLUORIC ACID.
That was an admission that ZEN cannot compete for the market currently served by synthetic graphite. All that is left is trying to compete with the low cost flakers.
Zenners can expect more Lifestyle Funding for select Insiders, more "delays" for the PFS, and more patience demanded from the flock.
Things look grim for ZEN. Choo-Choo???
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