It is clearly NOT in shareholders interests to vote for issue of any of the options. Directors are probably required to recommend that shareholders vote for them because of the terms of the various agreements. There can be no possible advantage in shareholders voting for the issue of options to the parties proposed. It will only be a massive dilution of shares for no possible advantage to established shareholders. It is probable that the New York fund which took up most of the $1M placement dumped them as soon as the announcement was out. I can see no other explanation for the trading. This is absolutely reprehensible behaviour and should not be rewarded with a massive issue of options. It is interesting that in the explanation, accompanying the notice and proxy form, there is no reason given to support the issue of any of the options. This is more telling than any recommendation!
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