Not their fault you didn't get the job to be on the board and...

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Bartol

228 Posts.

53

29/10/20

15:38

Post #: 48496467
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Originally posted by LineMarker: ↑

The Company proposes to grant a total of 45,000,000 Performance Rights(each with a nil exercise price and an expiry date two years from the date of issue). Each Performance Right, when duly exercise, will convert to a Share. The Performance Rights will be issued to Pauline Gately, Neil Hackettand Rob Longley(ParticipatingDirectors), or their nominees as follows:
Director Number of tranche 1 Performance Rights Number of tranche 2 Performance Rights
Pauline Gately 10,000,000(Resolution 9 )5,000,000(Resolution 10)
Neil Hackett 10,000,000(Resolution 11 )5,000,000(Resolution 12)
Rob Longley 10,000,000(Resolution 13) 5,000,000(Resolution 14)
The Performance Rights will vest as followsa)tranche 1 -the Performance Rights will vest when the volume weighted average price of the Shares on ASX (for the previous 10 consecutive trading days) is 5 cents or greate r(Tranche 1 Performance Rights); and(b)tranche 2 -the Performance Rights will vest when the volume weighted average price of the Shares on ASX (for the previous 10 consecutive trading days) is 7 cents or greater(Tranche 2 Performance Rights).

I would be more inclined to accept at 7c. and 10c.

Kick in the guts when I think about how long it took me to accrue 1 mil.

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Not their fault you didn't get the job to be on the board and lead the company mate.... Nothing to do with your million shares. Hopefully one day you'll be wiping your butt with those million shares as they are now deservingly so... Pending where the company is in 2 years.... I'll be dirty in 2 years if they got rewarded and the company is still at 90m cap.

ADV Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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