why is managemenet giving away shares

I noticed that the last two acquisitions were paid for by issuing shares at $2.90, when the share price is trading at about 30% above that level currently (~$3.80)

Why don't they use the 30 / 60 day moving average price? If they had accepted scrip when the transactions were first effected they would be worth a lot more, seems like these owners have been granted a free option at our cost.

Arguably the more practices they purchase the more valuable our scrip begins... so why use an older share price which isn't reflected in the ASX price.

Does anyone have any idea of the legitimacy of this?

Given that they had a rap over the knuckles by their auditors for accounting for the purchase / deferred consideration / labour costs this year, I wonder why they are still playing close to the line.

If this grey pricing occurs for the next transaction they enter into I will probably write to management regarding this.