Not sure what your angle is, maybe you're confused, or maybe the Company has told you porkies, or maybe both.
You couldn't be more wrong through, the screenshot you took was for performance rights that were announced in an appendix 2A to the market on 4th of September 2020. This latest issue of shares is for completely different performance rights.
I would encourage you to read the CEO's Contract Extension announcement from the 6th of July 2020. All the accurate information is there and the recent Appendix 2A (21 Jan 2021), clearly states it is for tranche 3 of the "free"-mium customer sign-ups. These freemium sign up targets are a joke and the Board was very lazy when setting this rubbish as the incentivisation structure.
And I still strongly stand by my comment that the performance milestones in that contract are a terrible incentivisation structure.
Ratty just keeps giving himself freebies. The long term game is that he doesn't have to generate a decent return on the share price. He could sell the company at 5 cents per share and he will still make himself a lot of $$ because of all the freebies he is granting himself. This means that the Managements and Shareholder's interests are misaligned - terrible corporate governance.
Management should only make rain $$ in addition to their large salaries, when shareholder's make solid returns too. Average, or in this case even mediocre, performance by Management will still be very handsomely rewarding for Management, which is really bad corporate governance.
AV1 Price at posting:
19.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)