RE:RE:insiders
Management did exercise about half a million options or so in the last month. They seem to be slowly selling those. They maintain about the same ownership percentage approximately. They had about 3 million options in the 10 cent to 20 cent range. They will have to continue over the next few years to exercise those and put up cash for them. Considering they bought $250k in the placement, they will get another 1 million shares in the forced conversion. So whether people think that is a big deal, I guess we will see. I could totally see them exercising and selling to match, and keeping the same ownership, around 25 percent.
I see just range bound until the next quarter earnings announcement. The results there will tell the story