To put the options into a value prespective over the next year plus.  Springer becomes fully vested in Feb. 2018--if on that date the stock price is 13.2 cents he has a profit of $66,000, if on that date the stock price is 19.8 cents  he has a profit of $132,000, and if on that date the stock price is 26.4 cents he has a profit of $198,000.  Roughly, if the stock price is a five banger from today's values in fourteen months, Springer would have a paper profit of almost $200,000 and the company would have received $66,000.  He becomes 50% vested on his anniversary date in Feb. 2017.