Why would they agree to reduce salary by $100,000? Probably because the Performance Rights are being issued for nil consideration, and at the current share price of $0.008 are valued at $320,000 with a milestone expiry date of 30/04/2028. Given they will be well informed on the possibility of the milestones being achieved, you can bet that the $100,000 wage sacrifice will be returned in spades.
IXR Price at posting:
0.9¢ Sentiment: None Disclosure: Held
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