Hi Paul, I think you are confused, DB isn't holding up the process, it's KP. DB took control of Advent in August 2019, by December 2019 he had the Suspension and Variation lodged in NOPTA, pretty quick yeah?. Since then, it has been NOPTA, then JB, and now KP who are causing delays. As for $150K pa, I think he would be way more driven by the value of his BPH, GBA, and Advent shareholdings than a mere $150K pa, he loses more than $150K every time it goes down a pip. Just my views though, hope you are well.
Ann: Investee Advent LOI to Award Contract for Subsea Equipment, page-27
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