What’s everyone’s thoughts on this?
3a/b- Milestone / Performance Rights Cancelled:
C) Securing grant funds from a Federal or State Government body of at least $5 million within 12 months of the Commencement Date that can be applied to development of the FJH technology
D) Securing a development partnership with a Corporate entity/entities that secures funding of at least $5 million within 12 months of the Commencement Date
that can be applied to development of the FJH technology
F) Secure a sub-license agreement for use of the FJH technology by an entity that will result in the generation of revenue of no less than $1 million within the first 12 months of the license being issued.
Replaced by: (Schedule 3)
J) The 5-day VWAP reaches A$0.37 and does not fall below that price over the following 5 consecutive Trading Days
K) The 5-day VWAP reaches A$0.50 and does not fall below that price over the following 5 consecutive Trading Days
I) The 5-day VWAP reaches A$1.00 and does not fall below that price over the following 5 consecutive Trading Days.
Initial thoughts are (based on a very high level skim, will need to dive into it a lot deeper) that it sounds like material deliverables are being paid off for VWAP levels, or have I interpreted it wrong? Bit of a red flag for me if price action is now the only focus.
(20min delay)