Not one significant commercial deal signed despite flagging near...

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nashezz

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872

14/09/24

06:02

Post #: 75671781
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Originally posted by Vapor ↑

Looks like the board has approved 100% of the KPI’s. That has to be a positive outcome and outlook if they were realistic and sensibly set.

“Vesting: the Performance Rights vest upon meeting certain Key Performance Indicators (KPls).The performance measures involve the use of annual performance objectives, metrics, performance appraisals and continuing emphasis on living the Company's values (and those of its controlled entities). The measures target areas the Board believes hold the greatest potential for expansion and profit and cover financial and non-financial measures.

The KPis for the Executive team (including David Radford) are summarised as follows:
financial: revenues, cost management, non-dilutionary funding and/or completion of commercial agreements; and
non-financial: strategic goals set by each individual business unit and holistic company-wide performance criteria, including product development, project delivery, human resources, Workplace, Health & Safety, and technical outcomes.

the number of Performance Rights that will vest will correspond with the percentage between 0-100 of the Boards assessment of the KP|s Mr Radford has achieved during the financial year to30 June 2024. The assessment will be made during July and August 2024 and the Performance Rights will vest immediately following a Board resolution of percentage of KPIs achieved for the year. On vesting each vested Performance Right becomes one ordinary share in the Company.”

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Not one significant commercial deal signed despite flagging near term commercial deals for some time (more than 18 months). Doing an atrocious raise that took 50% off the share price. And yet meets 100% of KPIs? My son needs to sign up for this school of mediocrity so his C's can become A's too.

I mean I really can't see how this is a 'positive outcome' except for the guys getting max rewards whilst failing badly in the 2 most important areas for shareholders - generating deals/revenue and raising capital.

ADO Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
32 Upvote

9 Great analysis

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