Okay simple maths
There is approx 1,000,000,000 (1bn) shares on issue and the close price is 0.5c = $5,000,0000 MC.
Ted has already given himself a consideration of $1,073,000 and this isn't including this pay which from the directors report was $338,000
Which would total over $1,400,000 assuming last years pay but then could also be worse if there is commission paid out.
So right now Ted is actually taking approx 28% of the MC p.a. with the SP at 0.5c.
Have more of a read here;
https://hotcopper.com.au/posts/45405481/single
But extract is below
Show us your research to rebut this...
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- Ann: Q2 2020 Appendix 4C & Commentary
Ann: Q2 2020 Appendix 4C & Commentary, page-77
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