Bonuses are also paid against performance (KPIs or KPOs) - which could be sales related or project related.
The small sizes of the bonuses do not fill one with confidence of anything remarkable or outstanding.
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Well they can always hang onto their bonuses and trade them in when they get to your, what was it now,
3.00?
No, 5.00 it was, back in the good old days when Balance was a bull and New/Old Guy was buying up large.
$5.00 would indeed be a conservative valuation if:
1. PEB had delivered on its 'tens of thousands of tests' in 2014 (as stated by Chairman Swann),
2. PEB had not come back to the market for more capital (after stating that the 2013 capital raise would take the company through to profitability) and
3. PEB showed that it was on track to US$100m revenue. They had Harbour in a hot sweat expecting over $70m of revenues in 2016, and delivered less than $5m ..... !!!!!!!!
Unfortunately, we all know what happened to all the super bullish comments from PEB and yours truly here take great pride in conveying my assessment of why PEB had to raise capital in 2015 and how it was going to struggle to meet its stated objectives.
“There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.”
" Fools put trust in promises; The wise in action."
"There is no limit to the vitriol that fools extend to when disappointed."