What do Directors often recommend in the event of a takeover offer?, page-5

Without some dodgy back door deals I cannot imagine what incentivised management to recommend acceptance of this offer. It's not like the company is running out of cash to pay them their salaries. As for the options as soon as the licensing is resolved we'll be trading at higher than this bloody T/O offer anyway, which means they'll be able to realise the value from their options. Even if their options are not in the money I'm quite sure the shareholders would be happy to approve another batch of options for them anyway. Build the company up into a mid-tier like they said was their goal and the value of their options will be many multiples of the T/O offer.

So why jump in bed with OZL on this dirt cheap offer AVB management? What else is in it for you apart from the options?