Stock Options/ New Slate It's my understanding that most of the recent options that were granted were to replace previous options that were exercised. So lets say some directors and officers and others have options at
.25 and the stock goes to $2 and they exercise them all and make a nice chunk of money. Then, to replace those options that were exercised they grant new ones with a strike price of $2. I don't see anything out of the ordinary with that. I am willing to bet that if you study the actions of the new slate with their previous companies that you will find exactly the same kind of moves. It's all a game. Maybe the new guys are just trying to get their hands on the $30 million in the till.