My take on the ridiculously low price of the tranches is that klauss knows the drill results to be released within the next few months will easily drive the price north of 40 cents, hence imposing the 6 month period from appointment before they can cash in. This ensures they extract some value from them for at least 6 months. The performance rights is in reality their pay for 6 months work.
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My take on the ridiculously low price of the tranches is that...
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