RE:RE:RE:RE:spate of options exercisedExercising the options does not mean he has sold his position.
the company Grants options to its management and others at a price usually at the price the stock is trading at. A option is a right to buy a certain stock at a certain price. The option has a time life and an expiry date. In this case Lamb exercised his option and got stock at 80cts. For the 300,000 options he had to pay the company $240,000 for 300,000 shares.
If he did not believe in the stock,he would exercise the option at 80cts and sell it right away at $2. And make his profit.
HE JUST EXERCISED HIS OPTION AND KEPT THE STOCK. HE PUT HIS MONEY WHERE HIS MOUTH IS.