For a company that has achieved 'Zilch' in its life time and having churned thru ( getting close to $100 mil ) capital, CR,s, financial/debenture arrangements with financiers and no firm business prospect in sight you would question the need of supposed 'performance rights'.
IMO its a legacy from AG the previous CEO who devised schemes that would pass muster with investors when proposed and ticked off by a compliant board. This current approval to board members is thanks to AG's largesse . he of course took his dip last year, prior to his ' no notice ' resignation.
gives you an idea of the term " Snouts in the Trough "
LIT Price at posting:
5.0¢ Sentiment: Sell Disclosure: Not Held
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