Ann: Director Appointment/Resignation, page-4

The options granted are super dodgy and this is your typical company rewarding management at the expense of shareholders.

600k options for each director and 900k options for the Chairman exercisable at $1.30?!

If the share price was at an all-time high, that's ok but not after the share price went from $4 all the way down to $1.20.

This is borderline unethical.

At these levels, management should be using THEIR OWN money to purchase shares instead of issuing options.

If they do exercise the options at the $3, we would essentially be giving each director $1.8m EACH for basically doing nothing.

Edit: Management might also be burying the options announcement behind the two directors appointment.