Where do you see any evidence of those performance bonuses mentioned?
All we have is clearly they get rewarded by share price apreciation, given they are receiving shares instead of salary at $0.011
and if share price goes above $0.025 and $0.035
and you know the "west Pert play book" is for share price to go above that and they get their bonus, right?
" Chris’ remuneration comprises NED fees of $36,000 pa and an offer of 23,750,000 Performance Rights in two equal tranches under the terms of the Company’s 2023Employee Incentive Securities Plan.Tranche A 11,875,000 Performance Rights vest and are convertible to fully paid sharesupon the Company achieving a 20 day VWAP of not less than $0.025 with a term expiringon 30 April 2026. Tranche B 11,875,000 Performance Rights vest and are convertible tofully paid shares upon the Company achieving a 20 day VWAP of not less than $0.035 witha term expiring on 30 April 2027."
LCL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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