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How I read it ...From p28 of AR - "As a result of his...

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aventurine

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25/09/20

11:29

Post #: 47624106
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Originally posted by jonkey1995: ↑

If correct, he also gave up $473k for the good of the company. I knew he sold his shares in a hurry, but I just thought his tax debts may have come in, as the timing seemed about right at the time. I got cranky about it later, but that was probably in the heat of what was transpiring that was visible.

Now I've calmed my Croat temper, I think I might need to eat a huge slice of humble pie, as that was very generous of him and a great show of leadership from a key member of the team.

Cheers

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How I read it ...

From p28 of AR - "As a result of his resignation Malcolm released his half of the remaining consideration".

That explains about $420k and RT didn't forgo it.

Still with regard the $673k it does remove the liability going forward and cleans things up for better re-alignment.

VOR Price at posting: 18.0¢ Sentiment: None Disclosure: Held
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