"I was happy with the terms outlined in the prospectus, if you have been following PYL in depth and on HC you would know I would have been in at 8c < if I didn't miss out on the entry into the pre ASX entry price."
Not sure how you could have missed that. Let me reiterate my previous point into something more digestible. I was at the time and am still happy with the terms and conditions outlined in the company's prospectus. I believe that having performance shares reinforces that the individual is to contribute a worthwhile working performance whilst employed by the company. If the employee contributes a less than worthwhile performance, the performance shares that they would then be entitled to would be worth nothing. Thus why they are performance shares. Personally I think it is a wise strategy to have in place, except it binds the company to a potentially damaging name if performance is not achieved. Which to be honest can happen to any company regardless if the employee's history is positive or negative.
I will always try and contribute a balanced opinion.
But in the case of PYL, I understand the market, the constraints on emerging industries and especially the legal concerns. I have done my due diligence and that's why I heavily rate the business strategy of PYL over other significant MGC related companies in particular GW.
Thanks
Nuts
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