RE:RE:RE:RE:RE:Takeover offer coming....IMHO...Yes its true management sold a lot 8 months ago and have hardly sold any since that does not mean they don't own any. And in the big picture no management does not own a lot they don't own say 15% combined or even 8% but 1% of this company is still 80 million dollars in shares thats a lot of money to people that earn a few 100k + stock options.
Management owns a lot and they get a lot of options every year. They are not selling this thing at a discount whats the point.
Example if you earn 200k + 500k options per year thats roughly 2mil in options, are you going to walk away from that for only a 10-20% increase in your 1 year options knowing you are now out of a job soon. No you'd rather vote against it and keep this option thing going a few more years as I can't see this thing going much lower. Even if it dropped to $3CAD thats a 25% decrease but you're still better off keeping those options and the job for an extra year than selling it for 20% premium.
I'd love to see a takeover but I can't see anyone paying the price that makes it worth it for management to approve.