Am I reading this right! They actually want to gift themselves...

Am I reading this right! They actually want to gift themselves more performance rights in addition to the ones they gift wrapped themselves last year. Seriously!!! After tanking the share price. Do they actually think they've done such a marvellous job.
"The purposed of the plan is to provide ongoing incentives to directors", how about keeping your job being the incentive.
I may be wrong but I could not see any vesting conditions for these rights.
Perhaps getting the share price over 10c or even going in the right direction would be a good start.
What a hide.
There are directors of other companies that are actually "performing" that don't ask for rights.
Putting your hand in your pocket for a few thousand dollars worth of shares and then asking us for a few hundred thousand dollars worth for free just doesn't cut it.
Shows a total lack of respect for their shareholders.
I'll be voting "no" to those resolutions like I did last time and I suggest you do too. (I told you they'd be back for more)
Now I'm angry because I'm being played.