Ann: Director Appointment, page-8

For those that like cup and handle formations I think we might see one play out here which will give a short term price target of around 4.2c ish which would be a new high and therefore some blue sky ahead. I think 4.5c might also be on 1620 radar short term.

The Company will pay a monthly retainer fee and, subject to shareholder approval, issue 1620 Capital with 40 million performance rights, which will vest based on achievement of a sustained rise in the price of the Company’s shares trading on the ASX. The milestones for the performance rights are as follows:

i. 10 million performance rights issued if the Company’s share price is equal to or higher than 3.5 cents per share for a minimum of 10 consecutive trading days;
ii. 10 million performance rights issued if the Company’s share price is equal to or higher than 4.5 cents per share for a minimum of 10 consecutive trading days;
iii. 20 million performance rights issued if the Company’s share price is equal to or higher than 5.5 cents per share for a minimum of 10 consecutive trading days; The Company considers that the milestones listed above are closely aligned with shareholders’ interests.