Options
It may be obvious, but my comments on the options were meant to "imply" that if directors are given options at $1.05 CDN that vest in 90 days then hopefully there is an actual offer coming & it is significantly higher than where these options were priced at. They were awarded at the market price at the time of issue (+/- $1.05). It is my understanding that the directors can choose to purchase these options at the $1.05 value (after the 90 day vesting period). 100,000 shares at $1.05 is $105,000 CDN (The options are not free). The directors will never exercise the options unless there is a deal in place where they can sell for much higher AND are guaranteed to have someone to sell them too at this "implied" higher share price. I don't know how they are being paid in general but there is no value to these options unless there is an actual buyer at a higher share price. To me this "suggests" that for the people in control to make any real money (directors & KaAn) you need a sale of the company for much higher than the +/- $1.05-1.10 cost ranges that they will or already have incurred. The problem is the open market will never reflect that until a deal is 100% done because no one trusts the people involved or has any clue how long this will all take...