To all on this forum.......get over it! This is a speculative play. If it works out some of us that believe will be very wealthy. Those that don't believe, leave those that do alone. You're wasting your time. As to the granting of stock options.........Hm! It is interesting to see how many misunderstand what these things are and have missed the note on the excersize price. First, these were established as part of an incentive program. Granted, not much in the way of performance so far. Secondly, many of the existing and hard working Falcon team recently accepted a significant salary cut (some as much as 50%) in their effort to preserve capital, capital they can now direct at project development. So, taking a positive perspective, few would take such a cut on a hope and a prayer. It is quite likely they are actually putting their money where their mouth is. They know something good is coming and are willing to sacrifice current income for larger future gain. Here is how these options work. They are issued with a face exersize price. You should note that only 1/3 is immediately vested with 1/3 vesting each year thereafter up to I believe a maximum life of 2015. What that means is they must be excersized by that time once vested. The incentive here, they get the options for $0.17 (Their Basis). They only make money when they sell these options above this basis of $0.17. Now you have the truth.....there is no diluting of share value and it makes them no money if they sell below $0.17
To you informed guru's...now you know the truth.....................Good-day