I accept any criticism that may come for part answering my own question. However after thinking a bit I looked at the annual report for 2022. At June 30 there were 5,500,000 options issued to 2 employees back in 2019 expiring 31/12/2022 with an exercise price of 0.06. This would only account for half of this announcement.
I cannot see the others that were vesting or expiring. Perhaps someone more knowledgeable on these generous handouts could explain where these are hidden in the corporate accounts, surely they must be reported.
I am thinking the only other possibility is options were issued after June 22 which seems unlikely (I have checked ASX announcements).
Likewise could someone explain the cashless exercise plan? This sounds like another freebee
