no brainer, page-28

JJ... you beat around the bush like a director or politician.

Jatz was mainly referring to the generous issue of options to directors who are well and truly compensated by their salary.

The YA global is a different issue as it gives PEN a fall back on only if needed. Whereas the directors options are for something that they are already paid to do. So its like "double dipping"

Sure lets be generous to our directors if and when they get the job done and the company is an income producing concern. To often options are issued by themselves to themselves with strike almost in the money. "snouts in the trough"

.........GT