Just checked Martin Aircraft's
LinkedIn profile and indeed, at least officially no tea lady or ushers on their books. Lot's of contractors and personnel responsible for marketing and media.
Noteworthy that 4 out of the current 5 directors are residing in China, 9,500km from the Wigram shed and that the MJP board has now been altogether cleansed of New Zealand talent. I believe, that the office language remains English for the most part.
I am trying to envisage around 80 staff or so turning up 5 days a week at daybreak, being swallowed by the gleaming MJP shed on the outskirts of Christchurch. Now that they have stopped touring the French Riviera, what might they be doing all day to kill the hours? Perhaps a game of
Tiddledywinks for the marketing people?, whilst others are folding logo printed T-shirts and re-arranging travel mugs/luggage tags in their gift shop shelves. Fingers would always be crossed that the board keeps approving their quarterly NZ$2.5m loan payments to cover at least a fraction of their NZ$3.4m quarterly outflows.
The CEO/CFO has been busy inserting at least one special clause into his contract. He will now receive a whopping NZ$200,000 golden handshake (plus GST), should his contract be terminated under certain conditions.
Attachment 9496
The MJP shares buying spree seems to have ceased today after yesterday's $99 trade. Not for the worse, as MJP does not want to be busy responding to
please explain notices from the Australian Stock Exchange.