I think Charles doesn’t worry about the drop
I think if he really worries, he could easily buy 500K shares at today’s price, with the profits he just took from NAG & SLT.
Now the price is lower than option price of 0.18, it is much cheaper to buy at market now. Why doesn’t insiders buy big time and lift the SP???
SLT had set the option price of 0.25, but it dropped to 0.105 three weeks later.
Anyway, insiders doesn’t have to exercise the options and they can always re-issue the options.
The company released the news yesterday and want to lead people to think 0.18 is cheap, and in this morning, within 30 minutes, someone dumps big time and fill all 0.18 bids. What a smart time to release the news of the option!