Ann: Results of Meeting, page-4

When someone is new to a company with no major shareholding and in a position like non-executive director like laurence mccallister, there is a reason to issue options as an incentive for them to help the company and therefore share price grow. i think 18c excercise price was too low, but nonetheless, you can see there was almost no vote against this. The other's however all have large shareholdings and/or are payed with company money and have already had numerous options in the past, so to issue options at such a low bar excercise price (20c) was basically just to help them increase there shareholding with no risk to them but a dilution to everyone else. i certainly don't think the market is unhappy with their performance, i don't think this was related to performance at all.