"The auditors have assigned a value to this expense of $3.54m, based on the prevailing share price at the time shareholders approved the Performance Milestones in November 2014."
I don't understand why the expense is based on a November 2014 price. We approved a number of shares to be issued so the provision should be based on the share price at the time of this report.
So is the main complaint this figure or the fact that milestones 1 and 2 have been deemed achieved?
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- Ann: Commentary in relation to Appendix 4E
Ann: Commentary in relation to Appendix 4E, page-61
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