From this announcement and exercise of 1.25m (25% weighting of the 5m) performance rights, are we to assume the 'cumulative gross profit in the USA' has achieved the $1m hurdle? As set out in the 'explanatory notes' at the time of granting of the performance rights.
The notice doesn't really explain, but I assume it is, as the performance rights relating to the App revenue had been exercised some time earlier, and the other conditions could not have been met.
Anyone able to clarify?
From this announcement and exercise of 1.25m (25% weighting of...
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