"An exercise and sale doesn't necessarily mean no confidence."
It depends on the company, some have the legs to allow that to happen normally.
e.Digital is still in a phase that is shaky....
Trade on the soft ground and I lose faith as a person holding up the SP of a shaky company while they trade it.
They don't have to pay for the options, they just sit on them and wait for opportunity whereupon they exercise as needed and create new options as needed....
I wouldn't mind if the company was out of the woods, however it's not, unless management has prospects going for Nunchi or Signet.
doni