Many options will expire , even at 0.062 which is about 3 cents...

Many options will expire , even at 0.062 which is about 3 cents before consolidation are not going to be reached , remember 3 cents was considered very disappointing at the time , now trading at about 0.37 cents or 1.8 cents before consolidation .
Everybody including the CEO should be judged on performance , one of the roles of a CEO is the performance of the stock price .
It cannot be said she has not had the time , she has been CEO for over 10 years .
Time is up , really is time for a new CEO .
The sp would probably perform better with this news .

A summary of the Company options granted under the Plan is as follows:
The weighted average exercise price during the financial year was $1.06 ($1.04 in 2017).
The weighted average remaining contractual life of the options outstanding at the end of the financial year was 0.33 years (1.28 years in 2017).
No options were granted during the 2018 financial year (2017: 3,000,000) and net share-based payment expense for the period was $111,490 (2017: $16,107).

Expiry Exercise Balance at Granted Exercised Expired Consolidation Balance at Exercisable Date Price start of the end of the at end of year year year
14/08/2017 0.68 1,440,000 - - (1,440,000) -
1/08/2018 0.80 4,000,000 - - - (3,800,000) 200,000 200,000 1/08/2018 1.00 4,000,000 - - - (3,800,000) 200,000 200,000
1/08/2018 1.20 10,000,000 - - - (9,500,000) 500,000 500,000 19/11/2018 0.62 500,000 - - - (475,000) 25,000 25,000
19/11/2018 1.20 11,500,000 - - - (10,925,000) 575,000 575,000
31/10/2019 0.60 2,000,000 - - - (1,900,000) 100,000 100,000 1/07/2020 0.60 1,000,000 - - - (950,000) 50,000 50,000
34,440,000 - - (1,440,000) (31,350,000) 1,650,000 1,650,000