ASIC v ISX Hearing, page-667

Performance shares were issued based on revenue targets and despite what that article may imply the fact they were one-off or reoccurring is irrelevant. As far as I remember ASIC is not questioning issuing of the shares only if the contracts entered into were only done so to meet those targets and not to created a ongoing revenue. The evidence so far has shown all ISX contracts where entered into to provide future revenue as that was the sole focus of the board for the company to be cashflow positive.