Believe the existing directors have some 9% collectively, of the co.
See arafura web-site, and scroll down to shareholding as at 31 July 08.
Check my calcs if u could.
I see it as positive - it's options in lieu of some payment via company's cash ~ read the details thoroughly, and it should be clear what the intentions are, and it's all above board (pardon the pun), imo.
Do'nt be mis-guided. Own homework required.
Cheers :)
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