incentive options what incentive

Was reading through the incentive options today- what does everyone think?

I think considering the long time until expiry- 2010 for these new ones- an exercise price of 35c is an absolute joke, and provides no 'incentive' for the directors whatsoever. Its already at 35c. Just another way for directors to enrich themselves at expense of shareholders...

Compare it to BMN lately- exercise prices more than double current SP...

I remain a disgruntled holder...