Ormerod's incentive, if he needs anymore with his 6.7 gazillion shares.
20% of base salary for each 100% increase in the 30 day VWAP (Volume Weighted Average Price) as at 30 June 2016 as compared to the 30 day VWAP as at 30 June 2017 and so on for subsequent financial years. No bonus is payable for the year ended 30 June 2017 under this provision.
We were at 6.7c on June 30 2017 so would need to get to 13.4c for another 60k in his pocket.
This is going to move this year. Impressive outfit for a market cap of 14mil (11.5mil cash 1.6 million rev. I had earmarked all of the parts of the report mentioned here earlier today. They also mentioned a Swedish partner. That's new.
I like the talk around the focus and resources that they intend to push into revenue growth that was previously tied up in peh and the consulting company.
Good luck all
EVS Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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