Thanks mate, seems we're on the same page but I personally look...

Thanks mate, seems we're on the same page but I personally look at the issue of options as more of an incentive rather than an expense as there's no guarantee that they will ever get exercised in the first place and at the end of the day they have an exercise price so they are not free.. id think performance rights would be more related as an expense as they normally dont have an exercising price attached.. Anyway, i understand they need to put a value against just interesting and like you said they are carrying a massive expense on the books.

You're not talking about their intangible writedowns as the second?

Cheers