You are certainly not wrong to point out that exercising the options early is a sign of more confidence in the company. Last year (12-May) BB exercised the options over one month early (22-Jun expiry) and the SP went from $3.10 to $3.50 in 2 days.
I am glad somebody is talking about divvy. Next month marks the start of the FOURTH year BB in the MD job. Still waiting for the track record to deliver 5% yield...
Ann: Develop Receives A$11.55m from Directors Exercising Options, page-58
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