Ann: Issue of Director Rights in Lieu of Fees and Options, page-2

Massive incentive for the Chair to get the share price humming many multiples from here and within the next 2 years, too.

These additional shares would easily propel him into the top 20 shareholders, but it's the larger incentive - another 6 million options - between 15 and 20 cents - expiring in the next 2 years which keeps his interests fully aligned with the company's shareholders.

The share price would need to be comfortably above 30 cents to make cashing the oppies in risk free.

Fellow director Dr Ron Wise is already in the top 20 shareholders, so these additional shares would have him nudging the top 10.

The third director Tony Fitzgerald has only recently joined the company, but it's a rare day indeed to see a lawyer risking all his salary by taking shares 100% in lieu of wages.

Either hell has frozen over or Tony, who is said to know the small cap world intimately, has a keen nose for a bargain.

It's skin in the game on steroids for the entire board.

GLTAH