Not happy that the management set a very low bar for the...

Not happy that the management set a very low bar for the incentive scheme.
For simplicity of calculation, use current; pre consolidation figures.
Average SP of last 5 trading days = $ .44 x 1.25 = Exercise price of $.55 within 3 years after AGM (if approved)
4 million option each (for the 2 top gun) post consolidation = 20 million each pre consolidation.
In 3 years time, based on business as usual scenario, SDV, JB and MC should be all in production, something must be drastically wrong if the SP doesn't reach $1.05 a pop within 3 years.
Reward for the 2 top gun for their business as usual effort will be :
$1.05 less exercise price of $.55 = $ .50 x 20 millions = $10 million each. within 3 years on top of their monthly pay cheque. [$20 million each if the SP is $1.55]
I don't see this as a fair or equitable incentive scheme, far too generous and dose not contain any element of incentive.
Not voting for it.