issue of options

Has anyone taken the time to read the latest announcement concerning CUO? Whilst the repayment of outstanding debts by the issue of shares to LRF and Buka is supportable, I feel that the granting of options to the Directors and others is not. Surely they are remunerated sufficiently to encourage them to perform their duties to the Company without the issue of these options. It is the shareholders equity in the Company which is being "diluted" - or, if I was uncharitable, "milked". The issue is proposed by Directors for Directors. It is almost as good as the latest Federal MP's pay rise "vote".
I recommend that when you receive your ballot papers for the meeting that you vote against the issue of options. We will get rolled of course but it is about time we stood up to this type of action.