The options are part of a tranche offered to G. Raby in lieu of...

The options are part of a tranche offered to G. Raby in lieu of salary on 7th September 2011. He was granted 20,000,000 unlisted options at .0186 each divided into 3 tranches of 6,666,667. The first tranche has already been lost on 7 Oct 2012 when the share price was well below .0186.
It will be interesting to see if he takes up the second tranche due on 7 Oct 2013.
The third tranche vests on 7 Oct 2014 when the share price will hopefully be well above the option price of 0.0186 cents.
Considering he effectively worked for nothing before he became Chairman (I assume he gets some remuneration for that post) I reckon he deserves a lucky break this time round!