RE:If the numbers re salaries are correct then management shoulhttps://www.osler.com/en/resources/regulations/2020/stock-option-repricing-considerations-in-the-covid-19-era
I don't know anything about stock option re-pricing, but in reading the above articel it seems in simple terms that if options were givien at say .16 cents, a company can offer the shares at a lower price - say fair value, like .06 cents.
There are some details that the company needs to be careful with accounting-wise, but rather than giving the employees more shares to make up the diference (further dilution) - they can simply trade a .16 cent option for a .07 cent stock option on a one for one basis.
So, a CEO or director who forgoes salary, but takes options in lieu would have his compensation based on the current fair value of the stock - not what it was granted at a year ago.
There seems to be significant benefit to the shareholders if this is done proeprly