This is verbatim from the prospectus:
‘One third (1/3rd) of all Performance Shares held by the Holder as at the Issue Date shall convert upon the Company entering into revenue generating agreements in respect of Syntonic DataFlex® (including the white-label version of the product sold by partners) with 50 businesses within a period of 24 months from Settlement,’
It says revenue generating.
GLTAH
Ann: Syntonic Carrier Progress and Company Performance, page-55
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