how much of the gtl is already priced in, page-6

Bringiton, he sold a small parcel of SHARES to finance conversion of a LARGER parcel of options into SHARES. He wants MORE shares not LESS. What part of that exchange makes no sense to you. A shortage of cash to convert the options, what part of that don't you understand.

He has presumably earnt the options which were presumably based on share performance and agreed on by shareholders.

Directors are supposed to be businessmen, wen they make a legitimate intelligent arbitrage one should congratulate them not badmouth the whole company!!