Maybe you should read the actual information the company releases!
The details of the performance conditions are as follows: (a) (b) (c) (d) 40% of the Performance Rights will be subject to a performance condition related to signing revenue-generating license agreements with 2 new top-tier integrated device manufacturers or foundries; 20% of the Performance Rights will be subject to a performance condition related to signing revenue-generating license agreements with an additional new integrated device manufacturer or foundry (which need not be a top-tier manufacturer); 30% of the Performance Rights will be subject to a performance condition related to signing a revenue-generating agreement with respect to licensing of or commencing development of at least 3 products using Weebit ReRAM technology; and 10% of the Performance Rights will be subject to a performance condition related to qualification based on the JEDEC definition.
Performance Rights will vest and become exercisable when the performance condition has been satisfied and will be subject to a further time-based vesting condition as set out below."
WBT Price at posting:
$1.65 Sentiment: Buy Disclosure: Held
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