Cliff has 900,000 Options, but 750,000 of those are priced at 45 cents, and they expire next month.

I suspect the BOD will replace them at the then current trading price.

Not only does Cliff financially benefit beyond his undeserving salary, through bonuses as the stock performance has cratered ($275,000 in bonuses alone within just 3 years), but he'll also likely get reissued Options that are cheaply priced due to those performance failures too.

It's a win/win/win ... disgusting and insulting.