Performance rights, page-2

most performance rights have very low (easy to attain) milestones

the 1st milestones are easy to achieve, namely, $2M revenue and 10 cent share price

the 2nd two milestones i think are a harder to achieve

for example, $2M EBITDA is say $1.3M NPAT, which equals 0.0031 EPS

in other words, to reach 20 cents, the PE ratio must be 65

if we factor in a PE ratio of 33, the EBITDA to reach 20 cent share price must be $4M