"Short Term Incentive: Mr McAdam will be entitled to a once off payment of $200,000 plus GST in
the event the Company has a binding agreement approved by the Company’s shareholders for an
infrastructure solution for the PIOP before 31 December 2019."
I always thought this was outrageous, both unnecessary and, well a bit of a joke. And a false signal to minority holders.
It is clear now, in my humble opinion anyway, McAdam has no hope of achieving the goal. Or the money.
Ann: Flinders enters non-binding Terms Sheet with BBIG, page-69
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