Mate....correct interpretation, IMO....except that the hurdle price would need to be 9 cents (representing 200% growth on PRAP of 3 cents). Worth noting though, that the scenario you painted would result in probably zero of the remaining PR's being vested within the three year cycle.
I'm okay with 'any' 60 day period as a predetermined evaluation date range can be manipulated against (by whomever has the muscle and intent, and collectively by us all). And 60 days seems like a fair enough time to ensure that any price surge is for justifiable reasons (be they fundamentals and/or speculative hype) rather than by price manipulations for a shorter term P&D.
Mate....correct interpretation, IMO....except that the hurdle...
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