I don't read it interpret it way at all Pman.:
'Re-read
The Service Agreement with Mr Peros is a full-time engagement. Remuneration will commence at EUR 30,000 per month to be paid by a combination of cash and ordinary shares with EUR 24,000 in cash and EUR 6,000 in ordinary shares. The equity component will be provided to Mr Peros twice annually at a 30-day VWAP value discounted by 10%.
Subject to the achievement of the following milestones, Mr Peros will be entitled to a six-month bonus:• The first milestone target is the commercial go-live, and first sales of devices; and• The second milestone target is the cumulative positive cashflow from operations of the device business.
There is a full stop after the '10%', which indicates the 'bonus' is in addition to his 'Remuneration'. He receives EUR 24,000 each month & EUR 6,000 X 6 months each half year calculated @ 30-day VWAP value discounted by 10% + he receives a 'Bonus' based on the Milestones; that once again in good 'ole OBJ fashion seem murky.
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- OBJ appoints Paul Peros as CEO of new device business
OBJ appoints Paul Peros as CEO of new device business, page-38
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