No sorry I don't know what he means. Sneaky in what way? I just reread that particular Notice of AGM in 2014 and it clearly states in the explanatory statement the conditions of the performance rights. For tranche 3 this is what it stated:
5 million Performance Rights vest upon the receipt by the Company of licensing fees in excess of $20,000,000 (Milestone 3),
This is probably the least ambiguous of the three milestones. Just because investors choose not to read documents fully, doesn't imply directors are being sneaky.
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