PG1 8.06% 5.7¢ pearl global limited

Foster and Drennan " to convert cash royalties into options"...

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  1. 1,823 Posts.
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    Foster and Drennan " to convert cash royalties into options"
    What cash royalties ?? Do they mean the $10 per ton they Each receive from every 1 per ton rubber processed.
    Only seen the word royalties they each receive is via there ownership in keshi that peal has to pay.
    Anyway geees what a packet these 2 are accumulating .

    From memory?
    Just in the first year since re -listing right here.
    $300k *each salary
    $300k *each sign up fee.
    Then low bar KPIs
    $300k *each within first year- short term insenitive. 2nd part of the $300 / $150 due Feb think it was to be paid in cash or shares at the decision of these 2,- wonder if this will be muddled announced with the convert cash royalty spin.
    Then
    $425k *each the mid term in insensitive gig which appears they already qualify for part off.

    They call this the long term insenitive. kpi
    $10 *each per ton of rubber processed after the first *12 months for as long as there with pearl.
    What a milking shed. Makes a mockery of the asx.
    End of the day basically private company this lot using the asx systems.
    $300k rent pa for the cooka shed rent then throw in turcos accounting stuffs plus rent there traveling expenses $100k + etc etc etc
    Unreal...
 
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