It pains me to do this, but @ChrisBond is essentially correct under the following assumptions:
Assumptions:Subtracting this amount from the total 6 month revenue: $5,002,479 (total revenue) - $2,916,448 (revenue forfeited for 6 customers) = $2,086,036 (remaining 6 month revenue)
- The 28/10/2018 response to ASX installation/set-up figure of $26,280 is not suspect.
- The 18/11/2018 response to ASX installation/set-up of $2,943,308 - $28,280 = $2,916,448 for the 6 customers is found by the ASX in it's entirety to be not valid.
Annualised revenue (6 mo rev X 2): $4,172,062
The criteria for receiving the performance shares were:
1st performance shares criteria: 6 month revenue annualised = $5m;
2nd performance shares criteria: 6 month revenue annualised = $7.5m;
3rd performance shares criteria: 6 month revenue annualised = $10m;
Therefore, if the ASX finds an issue with all of the revenue attributed to all 6 customers and demands the performance shares are returned then all 336,666,666 shares will be returned to ISX by the participating shareholders who received the performance shares.
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