I hope I am wrong.
But I used to hold another shares, they did something like this as well. when the share price was at $0.40. They hired a new CEO with performance share attached, when share price hits 50 cents, $1, $1.50 and $2, he will get however many shares. Couple of years later, the CEO resigned , performance right lapsed and during his term, given himself couple of raise too. Now, the company share price is at 0.2cents and delisted.
IMO, never ever take the performance share value as a share price target. Other things to consider are the renumeration package and bonus the executives that jump onboard.
The good thing now is the performance share target is 10 cents by 2026. If the company is really in good shape as the cheerleaders said it wouldn't be hard to get there.
I hope I am wrong.But I used to hold another shares, they did...
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Last
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| Last trade - 15.55pm 17/05/2024 (20 minute delay) ? |
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Last
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Change
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| Last updated 13.50pm 17/05/2024 ? | |||||
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