Are you saying they awarded themselves options so they can participate in any immediate rise in share price that may be due to their efforts?
I'd rather read that they have sold the entire farm and the options are an exit gift from the buyer. Of course, since they recently awarded themselves new contracts, that is highly unlikely.
If nothing is announced, then I guess we should take these newly awarded options as another example of management debiting the shareholder
Edit: I give them this quarterly that is due and then I'm taking my losses and moving on.