Here are the performance criteria, as specified in the 2018 annual accounts. It's all total sales revenue and gross margin, no requirement for actual profit.
Performance shares 50,000,000 performance shares, comprising 25,000,000 Class A Performance Shares and 25,000,000 ClassB Performance Shares to founding shareholders (including directors mentioned above) of AuMake Subsidiary .The fair value of these performance rights has been included as part of the consideration for the transactionin accordance with the relevant accounting standard. — Class A Performance Share: each Class A Performance Shares will vest into one share upon AuMakeInternational Limited achieving total sales revenue of $25,000,000 at an average of 13% gross profitmargin over a 12 month period based on AuMake International Limited’s audited accounts (Class AMilestone); and — Class B Performance Share: each Class B Performance Shares will vest into one share upon AuMakeInternational Limited achieving total sales revenue of $60,000,000 at an average of 13% gross profitmargin over a 12-month period based on AuMake International Limited‘s audited accounts (Class BMilestone).
AU8 Price at posting:
20.0¢ Sentiment: Sell Disclosure: Not Held
