If you take the exercise option and multiply it by the options, you get somewhere over $2M. They don't issue them every year either...and frankly I haven't seen QEC board members exercise them and sell at a higher price in a long time. Most of the options before, some even issue lower when I was buying back in 2005...were actually let expire.

If I had seen mass selling of the 20M insider shares during those two big runs ups, I would have lost faith and been very upset. After all these years, there was maybe a couple hundred thousand shares sold, if that...

This management team knows what they are doing...and if nobody sold of at the two opportunites at $6+ and $5+ and anywhere on the rise, then don't expect them to sell out until this thing becomes $10+ and QEC is in full production. With the buy back in place, it still doesn't do too much to our net shares.

Buyback will only happen if it goes lower, if it doesn't they probably won't. Which is why I am wondering why they don't start now and get in cheap. They can then do a PP in the future at $5+ again.

Mr Binnion is a finance major I believe, or Economics. He's pretty smart with money and the reason we have $155+M in capital to play with right now.

No worries. I've seen a lot more options given than that over the years with other stocks I've held...it's a normal part of the process.