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...
PG1 Price at posting:
20.0¢ Sentiment: None Disclosure: Held