I don't recall however until the conditions have been satisfied but what who knows...
However in looking into the notes to the accounts as I previously mentioned how difficult it is to follow up with all this previous bad financing the following makes me physically sick to the stomach;
"James Tsiolis’ Chairman/CEO fee is set at $720,000 per annum plus agreed insurance costs of up to $40,000 per annum.
Issuance of shares, options and performance rights
On 27 November 2020, James Tsiolis was issued 20,000,000 shares indirectly through his entity Alpha First Pty Ltd at a
share price of $0.069. These shares were issued in relation to a share bonus owing by the Company to Mr Tsiolis in relation
to the financial year ended 30 June 2018 for the establishment of the China Telecom Wuxi and Jiangsu Pilot Program and
Beijing IoT Lab in 2017. These shares were accrued at 30 June 2020 with a market value of $1,160,000. As the value of
the shares differed at the date of approval by shareholders, the fair value was deemed to be $1,380,000, resulting in a net
fair value loss to the Company of $220,000."
The next Announcements are better be amazing!!!
I don't recall however until the conditions have been satisfied...
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