Still miffed at the attempted performance share heist, and I...

Still miffed at the attempted performance share heist, and I can't help feeling there's been a sleight of hand possibly since 2014, so thought I'd spend some time trying to understand how these work; maybe some accountants (retired or not) can assist me, and tell me where I'm going wrong. My reasoning is that if these milestones have been provisioned but aren't reached by 28-Nov-17 then there should be a good 2018 profit writing back these provisions.

The share reserve holds issued listed options and performance share provisions together with the deemed values ($0.01 to exercise options, and $0.093 directors $0.089 employees.

If we go back to the 2015 reserves, we started with 11 million performance rights (PR) and a pile of listed options for a value of $1,991,374. By the end of 2015 all options had been converted leaving 82 million PR for $2,533,528 (don't ask me how they arrived at the $ maths)



Following the bouncing ball notes through 2016 Annual Report: we add BY's 7,500,000 shares ilo cash, AND charge another $923,524 for value for PR

2016 reserves increased





So on 22-Aug-17 they declare that this value has gone up another $3.5M for 2016


On 1-Sep-17 having been called out, BOD reversed M2 including prior periods:

All these provisions have now been expensed to directors/employees and consultants expenses, so if M2 isn't reached by 28-Nov-17, won't there be a big fat credit for FY2018?