options for directors

Just taking a straw poll on the feelings of Shareholders of OPL on the proposed granting of options to S. Graves and F. Petruzzelli. SG to receive 3.5M and FP to receive 2M @ $0.35 exercisable Nov07.

I realise that both may have been undercompensated for prior work, however I don't see the point of providing options at the current market price. Especially this number of options which would catapult both well up the shareholder list. Surely there should be incentive attached?

Personally I'm disappointed with the way the JH results have been expressed and communicated to the market. I know I'm not alone in believing these results to be very significant, but yet I feel that we've been let down a bit by the management of both NEO and OPL in providing the market with any excitement. I'm thinking of ticking NO on the proxy vote. Anyone else with an opinion on this?