Fact #1: The market has reacted positively to the announcement of the new slate.

Fact #2: The question of whether or not the new slate will issue themselves tons of options as soon as they gain control has been brought up.

Answer: No, at least not for a new months (and by then I fully expect the sp to have risen to well above our current price). Why not, you ask? Because Peter and his team beat them to it. The following information was given to me a by someone far better at doing DD than I, who wished to remain anonymous:

As at the last annual report (April 30), there were 91,155,620 shares issued and outstanding. The rolling stock option plan allows for 10% of that number of shares to be issued as incentive options. There are now 9,090,000 options outstanding, so there are only 65,000 options available. Better stand back! Pigs at the trough! Oh, wait! The pigs have already eaten.

Upon leaving an officer's or director's position, any options will expire, typically within 3 to 12 months. You'd have to actually read the text of the option award, to know. But bottom line, there will be no options flying around for at least a few months, at least until the previously issued options expire or are exercised. The cheapest is at 0.36, so not expecting any exercises.

Fact #3: The management change will not be quite as costly as you might think. It's unlikely Peter and Deb will retain their golden parachutes, as there is typically a malfeasance clause that allows for termination for cause. I would expect that violations of the Securities Act would meet that burden.