GAL 0.00% 14.0¢ galileo mining ltd

Ann: Replacement Prospectus, page-43

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  1. 71 Posts.
    lightbulb Created with Sketch. 4
    In case people have forgotten the incentives for those involved in this RTO.

    FYI - Taken from Prospectus
    PW - 16,348,753 Performance* - 1,500,000
    N Fitzgerald - 303,571,428 Performance - 440,178,572

    * Note: Peter Wall holds 1,500,000 performance rights through a
    nominee company. The performance rights will convert to
    Shares subject to the Company completing a capital raising of
    $10 million.

    The two questions I ask myself;
    1. Why would Mr Fitzgerald negotiate a deal where he would lose 440m shares if he didn't think he would meet the agreed performance milestones?
    2. Why would PW not be doing everything humanly possible to get this through?

    I think I know the answers. Just my two bob...
 
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