Takes multi-millions of shares traded ..........to move up the share price up but as we just saw today, just a few hundred thousand can drop the share price 5%. Rediculous! The company issued options and their is goverance in place to keep the options alloted to be no more than a very small percentage of the total shares outstanding.
Ithaca is a real cheap stock right now. It is good that those exercising expiring options are selling just enough of their shares to pay for the cost of the option shares. This is impressive as opposed to most companies where they just exercise the options and sell the entire amount. I think it is a vote of confidence in the company that the employees that have stock options being exercised and then keeping the shares as opposed to dumping them. Cannot the market see that this was a good indicator and not focuse on such an insignificant dilution.