A happy client, page-354

I want to address a couple of points you are trying to make on this thread.

1. Performance shares.

Refer post #26914629

IAM placed no value on the value of the Performance Shares are there is no certainty to the hurdles being achieved.

Entirely appropriate. This same wording has been in the past 2 reports issued by IAM (for it being listed for a full Half).

Even HAC30 agreed with this when I raised this with him, in that post.

They have not written them off, they have never had a value assigned to them in any Half or Yearly Report issued by IAM.

2. Material Contracts.

The ASX listing rules require a company to announce a contract to the market that is material to the company.

Do you think NAB signing any contract with IAM to outsource back office FP operations is material to NAB?

No way known!! NAB is a company with a market cap of tens of billions of dollars. A contract with IAM would be a drop in the ocean, when comparing the possible outlay under the contract and the market cap.

Totally the opposite for IAM.

Enjoy your break!