QOR 2.17% 45.0¢ qoria limited

Management Share options

  1. 109 Posts.
    lightbulb Created with Sketch. 16
    Just reviewed the share options for Management. Essentially circa 75% of the total options on issue will vest if the company hits an annual turnover target of $10 million within the next 3 years. Not a very exciting target for a Company with a current market cap of over $100m and gross margins of c. 40%!

    I like the product and Management are impressive (I attended the Techno Conference recently). But I am finding it hard to see a decent value proposition unless revenue levels are forecast to hit $100 million+ given the risk associated.

    Thoughts?
 
watchlist Created with Sketch. Add QOR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.