doogsie1, while I am always as skeptical as you when it comes to dealings like you describe, in the end you have to ask yourself why is Mr Morgan taking such a small salary and only making 8% on $4mil? To me this just doesnt seem to be enough money for the effort he is going to.
At these current levels almost all of the executive options are out of the money. Almost all of the shares they have purchased are down. They have in-essence duped themselves.
Going along with your train of thought, which is similar to mine you could hypothesis that the directors are trying to get a big fill at 1c (through the latest SPP though it is delayed and possibly changed) only to offload at 2c. Now 100% on the sort of money they are willing to underwrite, thats some serious dough. In the last run up to 2c I am sure that they did the same thing and offloaded some.
So where does this leave us? Why dont you join the party rather then fight it? If they are looking to get a large fill at these prices and offload at 100%, you can do the exact same thing.
Tieing company directors and shareholders together is the primary reason options are used. They make common ground so that only when the share price increases does both the shareholders and the directors make money.
The Endevour consulting you investigated does seem suspicious but who cares? Its $16 500. Thats chicken feed. I really think you need some perspective as there is alot more money to be made here then your giving them credit for.
GGE Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
