Blue it was not you I was referring to, others made the options discussion different.
http://agoracom.com/ir/Inspiration/forums/discussion/topics/397804-options/messages/1318064#message
And yes I believe that when insiders hang on to cheap shares it should be taken as a positive. Many talk about why insiders are not buying at market? Who has to when they have cheaper alternatives and in the end it is still the same message, they are buying in.
Letting "in the money" options expire is crazy if there was an imminent expiry date on the horizon. I was trying to figure out what the expiry was on these and if this was a pressing timeline or not.
In the end, many came to the conclusion that we all have to wait and see to determine what are the messages to be read when looking at insider transactions. As yet I see no selling on the part of three insiders who have exercised in the money options at .20
| Date |
Insider |
Shares |
Transaction |
Value |
| |
| 1/14/10 |
Davis, James Edward,
Director of Issuer |
100,000 |
Exercise of options at $0.20 - $0.20 per share. |
$20,000 |
| 7/17/09 |
Padgham, William Albert,
Director of Issuer |
50,000 |
Exercise of options at $0.20 - $0.20 per share. |
$10,000 |
| 6/10/09 |
Miller, David Randall,
Director of Issuer |
200,000 |
Exercise of options at $0.20 - $0.20 per share. |
$40,000 |
