Appreciate the “kind offer” from HQ for trying to save the long...

Appreciate the “kind offer” from HQ for trying to save the long suffering ignorant small share holders.

From the 2015 AGM correspondence:

• Issue of securities to Simulus Group Pty Limited (up to 5,000,000 fully paid ordinary shares @$0.07)
• Issue of securities to Service Providers and others (up to 10,000,000 fully paid ordinary shares at Volume Weighted Average market price)
• Issue of securities to HQ Mining Resources Holding Pty Limited (no more than 9,465,887 Shares @$0.07)
• Issue of securities to HQ Mining Resources Holding Pty Ltd upon conversion of a loan (2,142,857 fully paid ordinary shares @$0.07)
• Issue of securities to Mr Ian Buchhorn upon conversion of a loan (2,142,857 fully paid ordinary shares @$0.07)
• Issue of securities to Mr Neil Fearis in lieu of Director’s fees (up to 357,143 fully paid ordinary shares @$0.07)
• Issue of securities to Mr Mark Sykes, in lieu of Director’s fees (up to 357,143 fully paid ordinary shares @$0.07)
• Issue of securities to Mr Ian Buchhorn, in lieu of Director’s fees (up to 357,143 fully paid ordinary shares @$0.07)
• Issue of securities to Mr Ken Hellsten (543,734 fully paid ordinary shares @$0.07)

From the Bidder’s Statement:

• Options hold by director Ms. Jingmin Qian is 250,000 with exercise price of $0.14 expire on 28-NOV-2017
• Options hold by director Mr. Ian Buchhorn is 250,000 with exercise price of $0.14 expire on 28-NOV-2017
• Offer close date: 7:00pm (Sydney time) on [#] 2016 (i.e. no close date yet?)

Can anyone suggest any good reason WHY all the “insiders” are willing to take shares (or options) @$0.07 (or $0.14 for options) instead of cash?

If the GCR Board can forget about the infighting and focus on mining the resource rather than mining the share holders, I am sure there is enough profit to be shared by everyone.