Ann: Appendix 4C, page-6

Hmm, not sure what SOI means exactly but I get the gist of what you are saying however I don't think that explains it. If Isity meet the performance share criteria then its because they are doing very well and we as KKL shareholders get to keep 60% of that after the perf shr issue.
Isity would still be better off without us as then they would keep 100% of that milestones benefits and could pay themselves whatever they liked. There has to be some other tangible incentive for them to merge, maybe our rfid tags really will take off, but its not clear what it is.