overview of allmine group, page-19

Hi all

Look at the performance incentives and shares to be issued on 30th june according to vwap if targets are met.
So the question is... have targets been met and shares been issued and is that what we are seeing, selling of additional shares? or is there a reason why it is being held down so as to issue more shares ......i'm really not sure but i can't help but think it is related to incentive plans. Any thoughts??
"This is from the post by harley grosser on boat fund.
The CEO, Scott Walkem, has his incentives tied to total market cap. According to the plan he receives no performance incentive if market cap is below $60m, $1.8m between $60 and $80m, $2.4 between $80m and $100m. If market cap is over $100m Walkem receives $3m plus 1% of the total market cap up to $200m. Again the payment is made in shares at the 5 day VWAP as of June 30 2012. Currently the market cap sits at $56m, but it I would not be surprised if options were exercised if the market cap does not break the $60m mark between now and then."

( so above has not been satisfied)

Robert Wilde is rewarded according to the NPAT achieved by Arccon in FY12. He receives $2.474m if NPAT is between $7m and $12m; and $4.2m if NPAT if it is above $12m. Again it is tied to the 5 day VWAP at 30/6/12. Unlike the shares to be issued upon exercise of options these shares will not result in any cash being injected into the company.
( no idea what the NPAT is)

As of now if shares are issued it is highly dilutive , but still current price offers a margin of safety.
Thoughts??