Wasn't there a filing about the bonus for TB gets if he sells materially all of the assets above 133% of BV?
Date of filing 20 April 17 ... bonus applies if sale is within 1 yr of term of compensation agreement (which ended 2017).
"In the event of a disposition of all or substantially all of Company’s assets (the “Sold Assets”), whether through a sale of the Sale Assets, exchange offer, merger, consolidation, scheme of arrangement, amalgamation or otherwise during the Term or within one (1) year following the end of the Term (a “Sale”), Company shall pay Employee a one time cash bonus (the “Sale Bonus”) for his efforts in bringing about the Sale. The amount of the Sale Bonus shall be determined by the Board based on the consideration received by Company or Company’s shareholders on account of the Sale. If the cash, securities or property (“the Sale Price”) paid to Company or its shareholders on account of the Sale is equal to or greater than one hundred and thirty-three percent (133%) of (i) the book value of the Sold Assets or (ii) Company’s market capitalization, calculated by reference to the closing price of Company’s ordinary shares on the ASX the last trading day before the Sale is publicly announced, then the Sale Bonus shall be equal to at least 50% but no greater than 100% of Employee’s Total Salary in effect on the date of Sale. The Sale Bonus shall be due and payable to Employee no later than one hundred eighty (180) days after the Sale or at the end of the Term, whichever first occurs."
Can't say more ... don't wish to write a bs essay (even though source is SEC filing).
If you quote SEC filings and company releases and its called "bs" does that mean the source is "bs". Lots of "encouraging" statements in those documents.
Come on now get the price up to 0.004
SSN Price at posting:
0.2¢ Sentiment: None Disclosure: Held
