Ann: Commentary in relation to Appendix 4E, page-41

Isn't that like 1.9m at today's price. And the board's perf shares only 1.38m?
So where is the issue exactly? What was the share price at the time of the resolution? Trying to work out how to get 3.54m out of this.
There are 30m shares in milestone 1/2 and if another 12 to spread around, then that is 42m. So how to get 3.54m dollars from that?

From the 2014 proxy form it includes the statement that 15m shares for milestone 1 at a fair value of 945k and 15m for milestone 2 at a fair value of 630k. Annexure E has the tranches valued at 0.105. So assuming they now think the assessment is 100% then that comes to $3.15m at that price, but the current price is 0.046 so 1.38m only. The auditors can't forward look and assign 100% on one hand but use a 3 yr old price on the other - unless they are also OBJ board members who would try anything!

Anyone out there able to resolve the numbers?
Was interesting rereading the proposal - a spot price of 0.105 - compare that to today. Mate these directors really need to look in the mirror!