Options discussion: conditional on performance I would not object to increasing the options for the board and management conditional on getting a partnership for a p 3 or buyout underway.
In other words, after they deliver on what has been stated for the rest of the year, I would be willing to grant them the options, or they can have an option on the options conditional on performance in terms of progress and of course the share price.
In essence, they are saying "Trust us. We will deliver for you." Or actually they are in fact saying, incentivize us further, or we might leave. That does not sound too convincing as to an imminent deal.
What is the strike price on those options they seek?