Directors' Long Term Inventive Plan:Conditions to be met for...

Directors' Long Term Inventive Plan:

Conditions to be met for Directors to receive their Performance Rights:

Performance Hurdles:

- Entellect’s achievement of $5 million gross revenue during any given 12 consecutive months; and

- The holder continues as a Director until the date that the Revenue Hurdle is achieved.

--> The Performance Rights will lapse if the Performance Hurdles are not achieved by 31 December 2016.

Let's assume that management will get the revenue a bit higher than the required $5M revenue as to make sure that they do achieve the hurdle, and say revenue will be $6M.

This revenue amount requires that only 120,000 students sign up out of the 23,000,000 - that's only 0.5% (half a percent) take up (and we're assuming that they're all new sign ups with none of 500,000+ registered users from the web version migrating over.

If we then give PTA its share and throw in some admin costs and give MMZ its 10%, using a PE of 30 (I've seen PE's of 50-100+ used for some these explosive growth Mobile or Tech stocks - MBE's PE is 130 and MKB isn't even making a profit) we get something like this: