I had not paid attention the triggers for the performance rights...

I had not paid attention the triggers for the performance rights before this. I understand the issuing of shares to the directors....but the revenue thresholds are really very low for the MC of FZO.

Either.... the triggers are very very generous... meaning they are far below what the Co actually expects to have as annual revenue in 3/4 years time .... Or, the MC of this Co is unrealistically high.

I have the view that FZO will show its true value by this time next year... the current revenue numbers are based on too short a time frame [there was no way the Co could get itself established in the schools market in only a few months].... but the class B performance shares need only $10m revenue and class C $20M....I can't see those numbers being good enough to justify the current MC [let alone more than double that on that SP target that is floating around]