Ann: Notice of Annual General Meeting/Proxy Form, page-2

So ... $330k is not enough reward for our MD halving the share price?
For that sort of dismal performance our glorious leader needs another 4 million options? Wow.

Maybe we need some AGM resolutions about actually delivering some results, not just carving out more options for the fat cats to dodge 7.1.
Just protecting their assets and maximising the future pain for shareholders by keeping as many of their options out of the 15% per year of shares they can issue to raise additional capital when they inevitably run out of funds.

Heading for the exits, GLTAH.