Ann: Notice of General Meeting/Proxy Form , page-7

DIrectors oppies are exercisable at min 15c in Dec 12.

For them to be in the money thats a min 42% capital gain in 19 months - got happy with that. If he doesn't perform these will expire worthless so there's the incentive to perform.

Oppies issued to Ballyhoo and Advides are also exercisable at min 15c in Dec 12 (www.advides.de/en/profile.html advides AG is a public limited company with a focus on the areas of Corporate Finance, Private Equity as well as Investments and Trading) .
The fact that they are accepting oppies at a premium to current SP as part or full payment for services is a good sign as clearly they expect these will be in the money by Dec 2012

Placement - impossible to determine the price yet they don't even know if they are going to do it or who the investors will be. Directors wouldn't be stupid enough to offer them at huge discount IMO (wouldn't do the chances of their oppies getting in the money much good!) , having said that I don't like placements unless they are above the current SP.

Nothing unusual here IMO