in response to Re: Alan Coutts' Price Milestones? by NevilleD

posted on Apr 25, 14 01:11PM Use the IP Check tool [?]

I am the source of the answer to your question. I spoke to Allan after the sept /2013 royal York hotel meeting, Blogger MGB was listening . I was surprised that he answered my questions, since the information is personal, private, and not published. He knew I would post it, as it was meant to convey his confidence in joining Noront and to investors. Allan's four year performance bonus deal starts on the performance package board approval date of his performance plan (a sept/2013 start date; specific date can be looked up in the NR. For each anniversary date,Allan receives (500,000 shares, (ACB=$.30) if the sp on that anniversary date is as follows, as a minimum: 2014 : (.30 +.50) = $ 0.80 = year 1, mid sept date, ...look up. 2015 : (.80 + .50) = $1.30 2016 : ($1.30 + .50) = $1.80 2017 : ($1.30 + .50) = $2.30 The key word, Allan emphasized was "minimum":- For example, if the sept/2013 anniversary sp was $0.90, then the above table would read: 2014 = .30+ .90 = $1.20; 2015 = 1.20 + .50 = $1.70 2016 = 1.70 + .50 = $2.20 2017 = 2.20 + .50 = 2.70 Again, the key word