spring loading options is abusiveFor the officers to grant themselves options when they had SEEN the core is just terrible corporate governance. The lack of a detailed news release on Wednesday was on purpose, then after the exchange tells them to explain what was going on the gave the true story the next tuesday with core pictures they had in their hand for 5 days.. They had material information in their hand and they wanted to keep it quiet to accumulate all the land. Why didn't they halt the stock on the wednesday and put out the news that went out 4 days later?? because they had to tell all their friends and load themselves up with cheap options based on the information they had that wasn't disclosed to the public.
Spring-loading is when a company brings forward the timing of options grants to allow an executive to benefit from a rise in the share price, which might be caused by a positive news announcement
So, if an employee, being an insider, acquires options on the basis of inside information they may be committing market abuse
Even information that is not technically "inside information" - market sensitive and likely to move the share price - but relevant and not generally available to the wider market could be classified as "misuse of information" and subject to the market-abuse regime.
Under this regime, directors and companies can be subjected to unlimited fines and unwanted publicity if they breach its rules.
Make the call:
https://www.investright.org/complaintcomp.aspx?id=21
maybe RS will do their job and actually do something about this.