As I write, the Share price is 23c. I don't really care what...

As I write, the Share price is 23c. I don't really care what the share price is when the options were announced, as options are all about future price.
It is entirely possible that by the time of the AGM the share price will be greater than the 24c asking price for options. In this event, we would be effectively giving money away to the Directors, with no incentives to perform.
It seems bizarre to me that we would be offering options with a 4 years expiry that are less value than the ones expiring in a year or so. Seems like not much incentive to perform.
Options should be incentives to perform rather than straight remuneration. Option price for 3 years should be set at something like 60c not 24c.
If this company has any moral fibre it should be upping the price of the options.
Just some thoughts