Short Term Incentive at 10 cents

Now that's the kind of 10 cent incentive I would like.

Ninety three (93%) percent less than the current value of an E88 share.

485,242 shares issued to someone as a short term incentive.

Shares issued for 10 cents each - total payment $4,824

The current share price is $1.40 - total value $679,338

That's a gift to someone (or some group) of almost $675,000 !!!

And I presume by short term incentive, E88 mean the shares are expected to soon be traded by the recipients.

Could this be a sign-on bonus? They did announce a new director today? If so, then it's an obscene sign-on bonus, and somebody should be having a word to these directors.

So who are the people being given this bonus/incentive/gift ?

Why have the shareholders not been informed ?

I am a little incredulous at this, which makes me think I must have something wrong here.

I might not be reading these announcements right - surely !

Can someone please correct me ?

Perhaps someone who is not invested in the company can take a quick look and see if I'm reading this right.

Thanks,
Gw