Ann: App 2A - Application for Quotation on Exercise of Options, page-29

reward the management .. lol... for what? 16th June 2016 the stock price was 3c and yesterday on 15th June 2021 the price was 2.9c... if this is a performance in your term then I am sure you have different way to analyse company.. IMO.

Also, there is nothing wrong in options. Give with price target higher then the market price and make sure options are strictly connected with shareholder value creation... just wining $4m contract doesn't warrant incentive as it was part of salary they draw every month... This company granted themselves 60m options and then start exercising almost 25m plus within six month for what performance? As noted in company's announcement (abstract provided above) the whole intention by the company was " to reduce exercise price for option to NIL" and the meaning of NIL is ZERO.... nonetheless company employee comes on hotcopper and argue that it was tough time and hard to retain resource... miss a point that during covid it was tough time for employee to find employment not the other way around so anyone with any logical sense wouldn't even say that it is time company needs to give option to retain resource. .. IMO.

Also the option should only be granted considering potential dilution of shareholder value so no point having 100m options granted & then exercised when you have not even achieved 5m NPAT or share price has not even moved a decimal point... IMO.

Yes, again check Data3 and you will see a definition of highly performing company... and of course management... IMO.