I'm not sure they can win with this.
Are you saying that if the price at the agm was $2 and today its $5 that your happy for them to be struck at $2? Or only if the price goes down do they get the options struck at the higher price?
They are probably issued for some new employee as part of their remuneration.
I dont think management have driven the price down just to issue these options, or did they?