JPR jupiter energy limited

performance rights

  1. 2,954 Posts.
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    Any opinions?
    Imo the first 5,000,000 seems out of order. Not sure why the word performance should be used as 13.4 cents should be a cake walk and they have been rewarded for that work.
    The heads at 13.5 cents gives Gander and Svanbayev $675k. Not convinced they desrve that.
    They already have 24,400,000 and 10,000,000 respectively so the incentive to perform is already high.
    2nd tranche gives them $1.34M at 27 cents.
    The 3rd tranche gives them $3M at 40c.
    So should we reach a market cap of $300,000,000 or produce 500,000 barrells of oil Gander and Svanbayev receive $5M each.
    2nd and 3rd issue cleary measures performance any opinions on the numbers?
 
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