That's the case.
I think his options are vested, which I believe means he has to work for Theralase at such time inorder to benefit from the strike-conversion price.
In other words, I think his Options are now cancelled. Hankerchief wrote: Dumb question here but now that Mr Lade doesn't work for Theralase what exactly is he allowed to talk about? What I mean is could he answer questions like does it seem like TLD 1433 + laser is indeed an answer for bladder and other cancers? Is he buying Theralase stock in addition to his options? Any other questions you can think of? Or does he have to legally be tight lipped?