KLL Performance Rights - Major Red Flag, page-6

One of the founders just put in
$2 000 000 in cash to the raise

The founders probably own most of the stock, might be getting 14,600,000 performance rights, are they the advisors who'll get the options, and they also get 1.9% in royalties.

Performance rights at todays price = $6.6m
Royalties might be $1,500,000 a year???

So no negative spin from me, only jealousy!

BTW - Ruane's holding only allows him to receive a dividend. I'll also say this - Mick Ruane started the Potash play in Australia and was the 'founder' of LD. And yet he will receive no royalties or performance rights. I'm more confident giving my money to someone who doesn't line his own pocket.