rocket, spot on. territory had it, gave it away, and now noble's...

rocket, spot on. territory had it, gave it away, and now noble's telling them this is a good idea and have taken it up again.

noble's next move will be to BUILD shareholder value (remember that one ?) in MAL, then sell it to TTY and make a good profit, and still retain the 3.5% sales agreement = what they're really interested in = commission and marketing. but noble may actually drag the leaden weight of TTY's share price up a bit.

as for the performance rights scheme - its just an options scheme without the tax liabilities for the participant. the hurdles are low, the price is low, and there's no threat to the md $493k salary if he doesn't achieve it. if he wants shares he can buy them on market and maybe risk a bit of real capital on his self-proclaimed abilities.