Ann: Appendix 3B, page-11

@techfacts

big assumptions.

said before - quite possible much of BUD's cash burn was 3rd party remuneration for Ohm distribution. almost certain rizon would have included that.

you also cant pay listed company employees substantially different rates to peers - they just go work elsewhere. the problem with tech sector is they want both good pay + unusually large options issuance

the exception is startups - there you can pay largely in options - but then there's massive dilution. first round employees are often basically junior founders (or get ripped off by ammoral spivs)

being listed brings heightened expectations of how financially and managerially advanced a company is - which sets the table for wage expectations.