Ann: Notice of Annual General Meeting/Proxy Form, page-9

I believe the options issued to Glenn is fair, look at the vesting conditions

Each option to be issued will have an exercise price of $0.03 and will expire on the fifth anniversary of the date of issue. The options will have the following vesting conditions:

1. execution of a market entry partnership agreement with a gross transaction value that has been defined by the Board and agreed with the Managing Director pertaining to one of the following countries: China, India or Indonesia; and

2. entry into a joint venture, licence or equivalent agreement with a gross transaction value that has been defined by the Board and agreed with the Managing Director pertaining to one of the following countries: USA, UK or Japan.

i dont mind him having 22.5 million shares @ 3 cents if he can execute the above 2 conditions. I believe its completely fair.