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895m Reasons to Succeed - IAM Overview & Future, page-3

  1. 6,411 Posts.
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    Ha! with all of that I knew I missed something.

    Milestones!!

    So for Mark Fisher to gain his 895m shares (15m options) he needs to first hit M1 and M2 for the M3 and M4 milestones to be triggered. He can achieve these all in one go by June 30, 2019 or knock them off one by one, at which Mark will receive small amounts of shares each time a milestone is hit.

    Each milestone achieved gives Mark 220 million shares.

    It's also Cumulative NPAT as noted in the previous post.

    M1 - $1,000,000 NPAT (AUD) by 30 June 2019 - 220 million shares

    M2 - $4,000,000 NPAT (AUD) by 30 June 2019 - 220 million shares

    Once M1 and M2 achieved, M3 and M4 come in to play.

    By this point Intiger has achieved a cumulative NPAT of $5 million, so to hit M3 they only require another $6m NPAT or to hit M4 straight away $35m NPAT.

    M3 - $11,000,000 NPAT (AUD) by 30 June 2019 - 220 million shares

    With M3 achieved only another $29m NPAT is needed to achieve M4.

    M4 - $40,000,000 NPAT (AUD) by 30 June 2019 - 220 million shares
 
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