Ann: Addendum to Notice of General Meeting/Replacement Proxy Form, page-5

Just taking another look over the vesting conditions.
This raised an eyebrow;


Trying to interpret the word "any".

To me this means we could (as we've done in the past), spend 60 days at a vwap that vests a 20% tranche at any time in the 12 month period.
If i'm right, this could then this could give rise to a scenario something along the following lines...

1. Say early next year, FOMO leading into a pivotal outcome raises our SP to a point that it overcomes the 20 day vwap Hurdle Price ($0.060), triggering the issuing of the PR's.
2. We then hit a duster, and see the SP return to say $0.020.
3. Dave gets his 20% Performance rights for the year.

Don't think i'm liking that "any" word much just right now. Hadn't thought of its relevance until i had a re-read.

IMO. More than happy to be corrected.