You are probably correct in which case it's tokenism at it's best.
They are ensuring their potential losses are minimal with the issue of options at such a low strike price.
I'm sure all the poor investors that bought in at 4.2c would have been happy to part with their money in a capital raising of 2c or even 2.5c prior to suspension and before this debacle with Marthen and we would have all been better off as we would be well on our way to production.
GMC Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held