From the prospectus. 11.5(h) is an interesting one. Does a Capital raise constitute a reorganisation of capital? If so I wonder if one could take a view that the hurdles attached to the share price of some of the Perf shares could/should be reduce on account of the increased SOI? I wonder if this is something that was raised by JG and he was told, it stays at 30c. If so, this could have led to a “well if I won’t get mine, you won’t get yours” with Rotman & Co needing 65c and $1.00 to hit their targets.... All speculation but I can see how this could have happened.
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[ATTACH] From the prospectus. 11.5(h) is an interesting one....
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