KNB koonenberry gold limited

Ann: Notification regarding unquoted securities - KNB, page-3

  1. 1,236 Posts.
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    Totally agree RobinHood 2022.....but in fact it actually will turn out to be 1.2 million ........... Tranche 1 of 600,000 rights and then there's a tranche 2 for another 600,000 rights

    It's also a joke that these 2x set's of rights are set for only a 15c share price hurdle being meet .............why was it set so low ...... as we know the recent IPO ASX listing recently was done at 20c / share .... IMO, what a poor show and I feel so sorry for the initial investors / shareholders who imo must now feel like as if they were taken for a ride ...
    As per the announcement...............
    "Remuneration: $300,000 per annumal reviews.
    " excluding statutory superannuation

    Entitled to reasonable relocation costs.
    Incentive: 600,000 performance rights issued upon commencement, vesting on the anniversary of
    the Commencement Date subject to performance hurdles, with a 3-year term period and a life of 5
    years. (Tranche 1 Performance Rights)
    A further 600,000 performance rights will be issued upon the anniversary of the Commencement
    Date subject to shareholder approval and the same hurdles and terms as Tranche 1 Performance
    Rights, subject to a 15c share price hurdle being met. (Tranche 2 Performance Rights).

    Like always DYOR and DD ............... imo, beware this dog as it also has blood sucking flea's attached for a long term life style.


 
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