SYT 0.00% 0.1¢ syntonic limited

Ann: Syntonic Investor Presentation-SYT.AX, page-114

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    I suppose it's an interpretation of what the bold section below means.

    One third (1/3rd) of all Performance Shares held by the Holder as
    at the date of issue of the Performance Shares (Issue Date) shall
    convert upon Freeway by Syntonic® (including the white-label
    version of the product sold by partners) having an Addressable
    Audience of 100,000,000 mobile subscribers within a period of 12
    months from Settlement;

    As subscribers use mobile data usage, perhaps customers should be the word we use for Syntonic users.

    Not sure what addressable means.
 
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