I'm not sure $3.22 is the number. It talks about 75% increase in Total Shareholder Return I don't think this relates to the issue price.
Bell Potter have total shareholder returns as:
Column 1 Column 2 Column 3 Column 4 0 Total Shareholder Return (avg annual rate) 1 1 Year 3 Year 5 Year 10 Year 2 4229.1% 206.4% 146.2% 2.9%
So I think the 75% is a slam dunk.
"The Company determines to progress a product candidate to a Phase 2b or Phase 3 clinical trial following a positive Phase 2 clinical trial outcome and a national regulatory authority approves the initiation of such trial"
They have progressed the 2b to completion so this is in the bag also. I think the 2018 report will show these shares are no un-vested.
I'm not sure $3.22 is the number. It talks about 75% increase in...
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