The commercialisation strategy does not add up. Year on year has seen no growth despite an acquisition?

Since the initial board from the successful IPO days resigned and new management took over it has been going downhill ever since. Other than getting themselves set with performance shares and increasing remuneration, what have they really achieved so far? The consolidation did not make sense as they did not have billions of shares on issue to begin with. Now this 94% discount post consolidation and options that is way in the money already? None of this makes sense and it spells out just how loose or inexperienced the board is for signing all of this off.

All IMO, DYOR