The option plan for the directors is grotesqueThey are being...

The option plan for the directors is grotesque

They are being rewarded for poor performance over the last few years, and further it results in the shareholders get a significant dilution.

An option price of 20 cents gives them an immediate and large reward.

If the option price was 30 cents then that would be a good and appropriate incentive to perform over the next 5 years. If NGF share price is not well above 30 cents in 2015 then they have failed miserably and don't deserve a reward.

The Monte Carlo calculations are rubbish as their has been a significant change in NGFs situation and good performance should predictable see profits and the sp go up well above 30 cents.

Shareholders should vote against the options at 20 cents.

Rumot