Ann: Application for quotation of securities - BRN, page-21

...It seems that half of you don't know what this is, as what the Co has done is that they don't report to the ASX every time the employees exercise their options, not an incentive for a new CEO as some think, they do this every quarter or so as it is ridiculous to report when someone converts 100,000 options so they do this every three or four months, in fact, if I recall last time it was 10M ... anyway, the Co receives $$$ as a conversion amount for those options to shares....as it all adds to our bottom line...