14D 10.9% 9.8¢ 1414 degrees limited

News: 14D 1414 Degrees Confirms Sufficient Funds To Maintain Technology & Project Development

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    April 2 (Reuters) - 1414 Degrees Ltd (14D) :

    • CONFIRMS 14D HAS SUFFICIENT FUNDS TO MAINTAIN TECHNOLOGY AND PROJECT DEVELOPMENT
    • BOARD AND SENIOR MANAGEMENT AGREED TO BETWEEN 25% TO 75% CUT IN FEES AND SALARIES, EXECUTIVE CHAIRMAN TAKING 50% PAY CUT
    • BOARD WILL CONSIDER ISSUING SHARES TO KEY EMPLOYEES TO COMPENSATE FOR REDUCTION IN CASH SALARY
 
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