So in more good news, the Class A, B, D and H shares all expire on 31 March 2022. From what I can tell: - Class A shouldn't convert as they presumably have not reached $3m EBITDA. - Class B shouldn't convert as they have not reached $6m EBITDA. - Class D shouldn't convert as Omniblend presumably have not reached $2.6m EBITDA. - Class H shouldn't convert as there is no chance Supercubes have reached $35m revenue.
Whilst I am not 100% sure as the 4Cs are hardly clear in identifying EBITDA ie: I cannot see it in Q1; Q2 is noted in Q3 as $216k and Q3 is $503k albeit noted as normalised, I don't believe that they are on target to reach any of the milestones above. That said, they do have Q4 left.
Anyone smarter than I have a better undertsanding of the EBITDA for the above? If not, we'll all know of about 3 months time.
Once these 59.56m performance shares are off the register it should only assist the SP to go onwards and upwards!
