In a peculiar way, I dont have as much of a problem with this type of deal as others. Basically they are getting their options for free but can only be rewarded if the share price reaches 2c. That is a decent incentive but it would be better if AB wasn't also paying himself $500K a year.
I daresay not too many here (other than long-term holders) would complain if NWT reached 2c+.