Under the recent notice of annual general meeting announcement, its one of the resolutions being voted, only a maximum of around 17.5mil performance options to be granted if sp reachs multiple set targets between 25c to 50c. All 20 day vwap.
On a dillution perspective, 17.5 mil is nothing. The previous performance shares wont kick in until they achieve 20 day vwap of 20c and revenue target of at least 3 mil for the first batch to be issued.
My point being that the value of contracts acheived will see sp rise before revenue targets are met. No need to worry about dillution yet as some have mentioned, still plenty of room for sp to grow until the first batch is issued.
YOJ Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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