help can someone explain!!, page-17

On the face it, the issueing of 150 million options to the Directors for 0.01 cents with an exercise price of 2 cents seems like a process of self enrichment.
If the company wins the court case it is quite possible those options will be in the money almost immediately.
I am questioning what the Directors have done to deserve such a kingly gift.
I would suggest that all shareholders vote against this placement and also attend the General Meeting if possible to voice their opposition and quiz the reasoning behing the placement.

If you were running the company and you wanted to raise additional working capital it would make much more sense to do after the court case has been won. The company would be in a position to raise capital at a higher issueing share price.