I can see logic to support the performance rights but...

I can see logic to support the performance rights but unfortunately not the options - the first two tranches at 5c conversion is too low - they took control with the share price at 6.8c on 10 May - on the day of the notice of the AGM the price was 5.5c - over their tenure the price has ranged from a high of 8c to a low of 4.4c - only approx 10 days of their tenure has seen the price =or < 5c  and that was just recently in Sept 18- why not as a starter option conversion price use the volume weighted average price of their tenure at least that reflects some reality not 5c which is not even a true reflection of anything- with the exception of Sep 18 briefly the last time the share price was  5c or < was Feb 17!!