Friday, 20 September 2013

Salary Cut

Salary Cut

RSM Employees have unanimously and voluntarily agreed to a 50% salary cut for our first month's salary. The money saved from this cut will be used for our share buyback program to purchase treasury shares off the open market thereby functionally increasing MH/s of the rest of the open market shares. Keep in mind that treasury shares will receive no dividends and have no voting rights. They cannot be resold or transferred to the market or other individuals. Shares can't be destroyed on Burnside's exchange but effectively these share's will no longer exist as they'll sit dormant, off the market indefinitely.