Looks like it Exberliner.And what about the resolutions to issue...

Looks like it Exberliner.

And what about the resolutions to issue all these director options for nil consideration?

For example:-

Mr Binninger will be paid a consultants? fee of $250,000 per annum for his services as Chief Executive Officer and will also be entitled to receive three (3) million options over Transit ordinary shares (Binninger Options) upon the successful completion of a probationary period of 3 months continuous consulting. The Options will be issued on the
following terms and conditions:
- 1 million Class A Options exercisable at $0.50 each, expiring on or before 30 November 2013. Options are only exercisable if the share price is > $1.00 on a 5
day volume weighted average basis.
- 1 million Class B Options exercisable at $0.75 each, expiring on or before 31 May 2014. Options are only exercisable if the share price is > $1.25 on a 5 day volume
weighted average basis.
- 1 million Class C Options exercisable at $1.00 each, expiring on or before 30 November 2014. Options are only exercisable if the share price is > $1.50 on a 5
day volume weighted average basis.