I agree, just as the last SPP, this is not a "Reward" to loyal shareholders. You can call it a consolation for those loyal SH who believes that the SP will be heading past the exercise price in 6 months time. I am surprised as you are that this was also opened to non holders. But this more to attract former non-holders who sold out, again as a consolation for their loss.
The money to be raised for the bonus options is not that much but the benefits to the SH or potential SH who will avail of it has somewhat become a real possibility with the recent Lenze announcement.
At .001 cents, it is almost a give away but is still a cost to SH, why not given to loyal SH for free?? that might have been a real REWARD.
A loan is a good alternative, but would be an administrative nightmare for the company unless this is subcontracted and we are just talking about a 6 month window here.
Just My Honest opinion.
XPE Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
